The Goldman Sachs Group, Inc. 11K Annual report of employee stock purchases

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 11-K

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

☒	Annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934

For the fiscal year ended December 31, 2019

☐	Transition report pursuant to Section 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission file number 001-14965

A.	Full title of the plan and the address of the plan, if different from that of issuer named below:

THE GOLDMAN SACHS 401(k) PLAN

B.	Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

THE GOLDMAN SACHS GROUP, INC.

200 West Street

New York, NY 10282

THE GOLDMAN SACHS 401(k) PLAN

Financial Statements and Supplemental Schedules

INDEX


	Page No.

Report of Independent Registered Public Accounting Firm		1

Financial Statements		2

Statements of Net Assets Available for Benefits		2

Statements of Changes in Net Assets Available for Benefits		3

Notes to Financial Statements		4

Note 1. Plan Description		4

Note 2. Basis of Presentation		5

Note 3. Significant Accounting Policies		6

Note 4. Fair Value Measurements		7

Note 5. Investment Assets and Investment Liabilities		9

Note 6. Related Party and Party-In-Interest Transactions		9

Note 7. Plan Termination		10

Note 8. Income Tax Status		10

Note 9. Reconciliation of Financial Statements to Form 5500		10

Note 10. Financial Instruments with Off-Balance-Sheet Risk		10

Note 11. Subsequent Events		11

Supplemental Schedules*		12

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)		12

Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)		56

Schedule H, Line 4j – Schedule of Reportable Transactions		83

*	All other schedules required by 29 CFR §2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, are not included because they are not applicable.

Report of Independent Registered Public Accounting Firm

To the Administrator and Plan Participants of The Goldman Sachs 401 (k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of The Goldman Sachs 401(k) Plan (the “Plan”) as of December 31, 2019 and 2018 and the related statements of changes in net assets available for benefits for the years then ended, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2019 and 2018, and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental schedule of assets (held at end of year) as of December 31, 2019, schedule of assets (acquired and disposed of within year) for the year ended December 31, 2019 and schedule of reportable transactions for the year ended December 31, 2019 have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedules are fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ PricewaterhouseCoopers LLP

New York, NY

June 23, 2020

We have served as the Plan’s auditor since at least 1983. We have not been able to determine the specific year we began serving as auditor of the Plan.

THE GOLDMAN SACHS 401(k) PLAN

Statements of Net Assets Available for Benefits


	As of December
$ in thousands	2019		2018
Assets
Investment assets (at fair value)	$	8,361,336	$	6,873,329
Receivables:
Employee contributions		7,332		6,469
Employer contributions		117,076		107,912
Notes receivable from participants		26,259		25,918
Interest and dividends		11,572		8,157
Due from brokers and other receivables		80,680		101,970
Total assets	$	8,604,255	$	7,123,755
Liabilities
Investment liabilities (at fair value)	$	54,636	$	49,616
Due to brokers and other payables		36,039		62,261
Accrued expenses		8,215		851
Total liabilities		98,890		112,728
Net assets available for benefits	$	8,505,365	$	7,011,027

The accompanying notes are an integral part of these financial statements.

THE GOLDMAN SACHS 401(k) PLAN

Statements of Changes in Net Assets Available for Benefits



	Year Ended December

$ in thousands		2019			2018
Additions
Investment income/(loss):
Net appreciation/(depreciation) in the fair value of investments	$	1,450,246		$	(538,396	)
Interest and dividends		94,692			94,598
Less: Investment management fees and other expenses		(16,758	)		(17,919	)
Total investment income/(loss)		1,528,180			(461,717	)
Interest income on notes receivable from participants		1,337			1,205
Contributions:
Employee		282,568			237,542
Employer		117,076			107,912
Total contributions		399,644			345,454
Total additions		1,929,161			(115,058	)
Deductions
Benefits paid		434,823			437,823
Total deductions		434,823			437,823
Net increase/(decrease) in net assets available for benefits		1,494,338			(552,881	)
Net assets available for benefits, beginning balance		7,011,027			7,563,908
Net assets available for benefits, ending balance	$	8,505,365		$	7,011,027

The accompanying notes are an integral part of these financial statements.

THE GOLDMAN SACHS 401(k) PLAN

Notes to Financial Statements

Note 1.

Plan Description

The following description of The Goldman Sachs 401(k) Plan (the Plan) is provided for general information purposes only. The Plan sponsor is The Goldman Sachs Group, Inc. (the firm). Participants should refer to the Plan document, as most recently amended and restated, for a more complete description of the Plan’s provisions. Items referenced in italics are defined in the Plan document.

The Plan became effective on January 1, 1945 as the “Goldman Sachs Employees’ Profit Sharing Retirement Income Plan” and is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). Effective January 1, 2008, the Goldman Sachs Employees’ Profit Sharing Retirement Income Plan was amended to incorporate a 401(k) safe harbor design, and was renamed “The Goldman Sachs 401(k) Plan.” The Plan has been subsequently amended for various reasons, including to reflect changes in law.

General

The Plan is a defined contribution plan to which participants may elect to make pre-tax, and “Roth” after-tax, contributions each year from their 401(k) Compensation (as determined under the Plan), and to which they can roll over amounts from certain other qualified retirement arrangements. The Plan’s Plan Year is the 12-month period commencing on January 1 and ending on the following December 31. The Plan offers a dollar-for-dollar Firm Matching Contribution on participants’ elective deferrals of up to 4% of their Safe Harbor Compensation, up to applicable statutory limitations. If 4% of an eligible participant’s Safe Harbor Compensation is less than $6,000, the firm will allocate to that eligible participant’s account a Supplemental Contribution equal to the difference. The Supplemental Contribution is capped at 4% of Safe Harbor Compensation, however, the cap will not apply to any individual who was a Participant or Former Participant on July 15, 2019. In addition to these contributions, the firm will allocate to each eligible participant an Additional Retirement Contribution of up to $4,000. Collectively, the Firm Matching Contribution, Supplemental Contribution and Additional Retirement Contribution are herein referred to as the Firm Contributions.

The Plan has two named fiduciaries, the Retirement Committee and the Administrative Committee. The Retirement Committee has the power to appoint one or more investment managers, as well as certain other duties relating to the investment of the funds held by the trustee. The Administrative Committee is responsible for administering the terms and provisions of the Plan. In general, each committees’ members are employees of the firm or its affiliates, although in certain cases non-employees may serve on either committee. Prior to July 2019, Rocaton Investment Advisors (Rocaton) was the Retirement Committee’s investment adviser. In April 2019, Rocaton was acquired by Goldman Sachs Asset Management (GSAM). As a result of the acquisition, the Plan has selected a new independent investment adviser, Callan LLC (Callan), and these services were transitioned in July 2019. Participants direct their contributions and the Firm Contributions into various investment options available from time to time under the Plan through the Goldman Sachs Profit Sharing Master Trust (the Master Trust). The Plan is the sole investor in the Master Trust. Participants’ directed investments can be allocated to mutual funds, collective trusts, separately managed accounts and a bank deposit account. Alight Solutions is the Plan’s record keeper.

The Plan offers participants the option to invest in the Company Stock Fund, which is a separately managed account and substantially all of its investments are shares of the firm’s common stock. In accordance with a policy adopted by the Retirement Committee, no more than 20% of any contribution made on behalf of each participant can be invested in the Company Stock Fund. When a participant reallocates his or her total investment balance, he or she is limited to reallocating 20% of his or her total investment balance into the Company Stock Fund. In addition, participants are restricted from transferring into or out of the Company Stock Fund during certain periods in accordance with the firm’s compliance procedures designed to avoid violations of applicable securities laws.

THE GOLDMAN SACHS 401(k) PLAN

Notes to Financial Statements

The Plan’s investments are owned by the Master Trust, which is subject to a trust agreement (the Trust Agreement) with the trustee. State Street Bank and Trust Company (State Street Bank) was the Plan’s trustee through September 2019. In October 2019, the trustee changed from State Street Bank to The Bank of New York Mellon Corporation (the Trustee).

Eligibility

Employees become eligible to make pre-tax, and “Roth” after-tax, contributions to the Plan as of the first day of the month after they join the firm or its affiliates as eligible employees. In addition, employees are eligible, as determined under the Plan document, to participate in the Firm Matching Contributions and Supplemental Contributions generally as of the first day of the month after they complete both one Year of Service, as defined, and attain age 21. In addition, to be eligible for the Supplemental Contribution, the employee generally must be employed on the last day of the firm’s fiscal year that ends with or within the Plan Year.

Generally, to be eligible for the Additional Retirement Contribution, employees must have been (i) active or on authorized leave of absence for no longer than two years as of November 26, 2004, (ii) age 46 or older as of November 26, 2004, and (iii) employed by the firm or its affiliates as of the last day of the current fiscal year.

Vesting

Participants are immediately fully vested in their own 401(k) contributions, the Firm Matching Contributions and Supplemental Contributions, and the earnings thereon. Participants became fully vested after three Years of Service in the Additional Retirement Contributions, and the net earnings thereon. Additionally, upon the earliest to occur of: (i) attainment of age 65 while employed by the firm or its affiliates, (ii) disability retirement, (iii) death while employed by the firm or on military duty or (iv) Plan termination, each participant or beneficiary will be 100% vested and may receive a lump-sum amount equal to the value of the funds or a portion thereof allocated to the participant’s account or may receive periodic distributions from the Plan.

Benefits

Any benefits provided by the Plan are paid from net assets available for benefits. The benefit to which a Plan participant is entitled equals the amount that can be provided by the vested contributions and net earnings (or losses) thereon (including net realized and unrealized investment appreciation and depreciation) allocated to such participant’s account.

Notes Receivable from Participants

A participant in the Plan is permitted to borrow between $1,000 and $50,000, reduced by (i) the highest outstanding balance of loans to such participant from the Plan during the one-year period ending on the day before the date on which such new loan is made, less (ii) the outstanding balance of loans to such participant from the Plan on the date of such new loan, subject to an overall cap of the lesser of (a) one-half of the participant’s total vested account balance (including Firm Contributions) or (b) the balance in the participant’s 401(k) and rollover contribution accounts. A participant may not borrow any amounts attributable to the Firm Contributions. Interest on loans is fixed at the U.S. prime rate plus one percent for the life of the respective loan. Loans generally must be repaid within five years, or in some cases, ten years. Loans are repaid (principal and interest) and added back to participants’ account balances generally through regular after-tax payroll deductions.

Risks and Uncertainties

Investments are exposed to various risks, such as interest rate, market, currency and credit risk. Due to the level of risk associated with certain investments and the level of uncertainty related to changes in the value of investments, it is possible that changes in risks in the near term could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statements of changes in net assets available for benefits.

Note 2.

Basis of Presentation

These financial statements are prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP).

All references to 2019 and 2018 refer to the Plan’s years ended, or the dates, as the context requires, December 31, 2019 and December 31, 2018, respectively.

THE GOLDMAN SACHS 401(k) PLAN

Notes to Financial Statements

Note 3.

Significant Accounting Policies

Use of Estimates

Preparation of these financial statements requires management to make certain estimates and assumptions, the most important of which relates to fair value measurements of the Plan’s investments. These estimates and assumptions are based on the best available information, but actual results could be materially different.

Payment of Benefits

Benefits are recorded when paid.

Notes Receivable from Participants

Participant loans are measured at their unpaid principal balance, plus any accrued but unpaid interest.

Expenses

Investment management fees charged by managers of mutual funds are borne by the Plan, and are included in net appreciation/(depreciation) in the fair value of investments. Investment management fees charged by managers of collective trusts are borne by the Plan, and are included in net appreciation/(depreciation) in the fair value of investments or investment management fees and other expenses based on the underlying trust agreements.

Investment management fees charged by managers of separately managed accounts are borne by the Plan, and are included in investment management fees and other expenses. The investment manager of the Global Equity Long-Short Hedge Fund Option charges an investment management fee that consists of a fixed asset-based management fee plus an annual incentive fee of 20% of the net investment income earned above the fund’s high-water mark. Incentive fees paid during 2019 were $1.5 million. There were no incentive fees paid during 2018.

Other expenses borne by the Plan, unless paid by the firm, consist of custodial, administrative and investment advisory fees. Investment advisory fees were paid to Rocaton and Callan, which advised the Retirement Committee on the selection and oversight of Plan investments. Payments were made to Rocaton for services provided prior to its acquisition by GSAM. These Plan expenses, unless paid by the firm, are included in investment management fees and other expenses.

Investments

The investments of the Plan are reported at fair value.

The Bank Deposit Option is a deposit obligation of Goldman Sachs Bank USA (GS Bank USA), a Federal Deposit Insurance Corporation (FDIC) insured New York State-chartered bank and a member of the Federal Reserve System. The Bank Deposit Option offers an FDIC-insured deposit with a floating rate coupon indexed to the Federal Funds Rate.

Mutual funds and collective trust funds represent investments with various investment managers. Mutual funds are valued based on the quoted net asset value per share held. Collective trust funds are valued based on the net asset value per unit as reported by the investment managers.

Investments within separately managed accounts are described below:

Cash and cash equivalents include cash and certain short-term interest-bearing investments.

The Plan purchases securities under agreements to resell (resale agreements). Resale agreements are transactions in which the Plan purchases financial instruments from a seller, typically in exchange for cash, and simultaneously enters into an agreement to resell the same or substantially the same financial instruments to the seller at a stated price plus accrued interest at a future date.

Even though resale agreements involve the legal transfer of ownership of financial instruments, they are accounted for as financing arrangements because they require the financial instruments to be resold at the maturity of the agreement. The financial instruments purchased in resale agreements typically include U.S. government and federal agency obligations, investment-grade sovereign obligations, corporate debt instruments and equity securities.

To mitigate credit exposure, the investment managers monitor the market value of the resale agreements on a daily basis, and deliver or obtain additional collateral due to changes in the market value of the financial instruments, as appropriate. For resale agreements, the Plan typically requires collateral with a fair value approximately equal to the carrying value of the relevant assets in the statements of net assets available for benefits.

THE GOLDMAN SACHS 401(k) PLAN

Notes to Financial Statements

Fixed income securities, common stock, preferred stock, real estate investment trusts, and interests in exchange-traded options and futures contracts traded in active markets are valued at closing prices on the last business day of each period presented. Securities traded in markets that are not considered active are valued based on broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. Securities that trade infrequently and therefore have little or no price transparency are valued using the investment managers’ (or independent third parties on behalf of the investment managers) best estimate of fair value.

Mutual funds, as described above, may also be investments held within separately managed accounts.

Forward foreign currency contracts are valued at fair value, as determined by the investment managers (or independent third parties on behalf of the investment managers), using quoted forward foreign currency exchange rates. At the end of each period presented, open contracts are valued at the current forward foreign currency exchange rates and the change in market value is recorded as an unrealized gain or loss. When the contract is closed or delivery taken, the Plan records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Swap contracts are valued at fair value, as determined by the investment managers (or independent third parties on behalf of the investment managers) utilizing their proprietary models and taking into consideration exchange quotations on underlying instruments, dealer quotations and other market information.

See Note 10 for further information about derivatives.

Investments denominated in currencies other than the U.S. dollar are translated using exchange rates prevailing at the end of the periods presented. Purchases and sales of these investments are translated at the rate of exchange on the respective dates of such transactions.

Interest income and expense are recorded on an accrual basis. Dividend income is recorded on the ex-dividend date.

Purchases and sales of the investments within the Plan are reflected on a trade-date basis.

Due from Brokers and Other Receivables and Due to Brokers and Other Payables

Due from brokers and other receivables includes cash balances held with brokers, receivables from unsettled sales transactions, and collateral posted in connection with certain derivative transactions. Amounts due from brokers may be restricted to the extent that they serve as deposits for investment liabilities. Due to brokers and other payables includes payables from unsettled purchase transactions and collateral received in connection with certain derivative transactions. Certain of the Plan’s securities held by the clearing brokers or prime brokers are pledged to the brokers on terms that permit them to repledge the securities to others, subject to certain limitations. Securities held at custodians under custody agreements cannot be repledged to others by the custodian.

Recent Accounting Developments

Employee Benefit Plan Master Trust Reporting (ASC 962). In February 2017, the FASB issued ASU No. 2017-06, “Defined Contribution Pension Plans (Topic 962) — Employee Benefit Plan Master Trust Reporting.” This ASU amends certain presentation and disclosure requirements for a plan’s interests in master trusts. The Plan adopted this ASU in January 2019 under a retrospective approach. Adoption of this ASU did not have an impact on the statements of net assets available for benefits and the statements of changes in net assets available for benefits.

Note 4.

Fair Value Measurements

The fair value of a financial instrument is 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. Financial instruments are marked at closing prices. Fair value measurements do not include transaction costs.

The best evidence of fair value is a quoted price in an active market. If quoted prices in active markets are not available, fair value is determined by reference to prices for similar instruments, quoted prices or recent transactions in less active markets, or internally developed models that primarily use market-based or independently sourced parameters as inputs, including, but not limited to, interest rates, volatilities, equity or debt prices, foreign exchange rates, commodity prices, credit spreads, and funding spreads (i.e., the spread, or difference, between the interest rate at which a borrower could finance a given financial instrument relative to a benchmark interest rate).

THE GOLDMAN SACHS 401(k) PLAN

Notes to Financial Statements

U.S. GAAP has a three-level hierarchy for disclosure of fair value measurements. The hierarchy prioritizes inputs to the valuation techniques used to measure fair value, giving the highest priority to level 1 inputs and the lowest priority to level 3 inputs. A financial instrument’s level in this hierarchy is based on the lowest level of input that is significant to its fair value measurement. The fair value hierarchy is as follows:

Level 1. Inputs are unadjusted quoted prices in active markets to which the Plan had access at the measurement date for identical, unrestricted assets or liabilities.

Level 2. Inputs to valuation techniques are observable, either directly or indirectly.

Level 3. One or more inputs to valuation techniques are significant and unobservable.

The investment managers and custodian, on behalf of the Plan, use independent pricing sources to value Plan assets traded on exchanges and independent quoted prices or developed models for all assets not traded on exchanges. Investment managers review their valuation approaches on an ongoing basis and revise as necessary based on changing market conditions to ensure their valuations represent fair value. Subsequently, the Plan uses other methodologies to determine fair value (e.g., relevant broker quotations), which vary based on the type of instrument.

Level 1 Investments

Level 1 investments include bank deposit, mutual funds, collective trusts, and within separately managed accounts, cash and cash equivalents, certain fixed income securities, most common and preferred stocks, mutual funds and most real estate investment trusts. These instruments are valued using quoted market prices for identical unrestricted instruments in active markets.

The Plan determines active markets for equity instruments based on the average daily trading volume both in absolute terms and relative to the market capitalization for the instrument. The Plan determines active markets for debt instruments based on both the average daily trading volume and the number of days with trading activity.

Level 2 Investments

Level 2 investments include resale agreements, most fixed income securities, certain common and preferred stocks, certain real estate investment trusts, and derivatives within separately managed accounts.

The valuation of level 2 investments can be verified to quoted prices, recent trading activity for identical or similar instruments, broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. Consideration is given to the nature of the quotations (e.g., indicative or firm), and the relationship of recent market activity to the prices provided from alternative pricing sources.

Level 3 Investments

Level 3 investments have one or more significant valuation inputs that are not observable. Absent evidence to the contrary, level 3 instruments are initially valued at transaction price, which is considered to be the best initial estimate of fair value. Subsequently, the Plan uses other methodologies to determine fair value, which vary based on the type of instrument and include relevant broker quotations. Valuation inputs and assumptions are changed when corroborated by substantive observable evidence, including values realized on sales of financial assets.

As of December 2019 and December 2018, the Plan had no level 3 investment assets.

See Notes 3 and 5 for further information about investment assets and investment liabilities.

THE GOLDMAN SACHS 401(k) PLAN

Notes to Financial Statements

Note 5.

Investment Assets and Investment Liabilities

Fair Value of Investment Assets and Investment Liabilities by Level

The table below presents investment assets and investment liabilities of the Plan by level within the fair value hierarchy.

$ in thousands

Level 1

Level 2

Level 3

Total

As of December 2019

Assets

Bank deposit

285,593

–

$ –

285,593

Mutual funds

1,342,558

–

1,342,558

Collective trusts

4,129,609

–

4,129,609

Separately managed accounts:

Cash and cash equivalents

4,951

–

4,951

Resale agreements

–

36,800

–

36,800

Fixed income securities

117,678

185,713

–

303,391

Common and preferred stocks

1,907,620

4,983

–

1,912,603

Mutual funds

53,433

–

53,433

Real estate investment trusts

284,395

706

–

285,101

Derivatives

–

7,297

–

7,297

Total investment assets

8,125,837

235,499

$ –

8,361,336

Liabilities

Separately managed accounts:

Common and preferred stocks

(45,411

)

–

$ –

(45,411

)

Fixed income securities

(158

)

–

(158

)

Mutual funds

(1,743

)

–

(1,743

)

Real estate investment trusts

(410

)

–

(410

)

Derivatives

–

(6,914

)

–

(6,914

)

Total investment liabilities

(47,722

)

(6,914

)

$ –

(54,636

)

As of December 2018

Assets

Bank deposit

267,362

–

$ –

267,362

Mutual funds

1,225,494

–

1,225,494

Collective trusts

3,221,940

–

3,221,940

Separately managed accounts:

Cash and cash equivalents

2,229

–

2,229

Resale agreements

–

34,215

–

34,215

Fixed income securities

108,533

191,069

–

299,602

Common and preferred stocks

1,555,684

–

1,555,684

Mutual funds

34,795

–

34,795

Real estate investment trusts

228,614

–

228,614

Derivatives

–

3,394

–

3,394

Total investment assets

6,644,651

228,678

$ –

6,873,329

Liabilities

Separately managed accounts:

Common and preferred stocks

(42,315

)

–

$ –

(42,315

)

Fixed income securities

(116

)

–

(116

)

Derivatives

–

(7,185

)

–

(7,185

)

Total investment liabilities

(42,431

)

(7,185

)

$ –

(49,616

)

In the table above:

•

Investment assets are shown as positive amounts and investment liabilities are shown as negative amounts.

•

Mutual funds within separately managed accounts consist of money market funds, exchange-traded funds and investments in funds that primarily consist of fixed income securities.

Note 6.

Related Party and Party-In-Interest Transactions

The Plan offers as an investment option the Company Stock Fund, which has substantially all of its investments in the firm’s common stock. As of December 2019, the Plan’s interest in the Company Stock Fund represented 545,779 shares of the firm’s common stock with a fair market value of $125.5 million. As of December 2018, the Plan’s interest in the Company Stock Fund represented 563,703 shares of the firm’s common stock with a fair market value of $94.2 million. Purchases of $4.4 million and sales of $8.3 million of the firm’s common stock were made through the Company Stock Fund during 2019. Purchases of $10.0 million and sales of $5.0 million of the firm’s common stock were made through the Company Stock Fund during 2018. The Company Stock Fund is managed by State Street Global Advisors, an affiliate of State Street Bank.

GSAM Stable Value, LLC (GSAM Stable Value), an affiliate of the firm, manages a laddered fixed income separately managed account investment option in the Plan. No fees were paid during 2019 and 2018, or were payable by the Plan to GSAM Stable Value or other affiliates to manage this separately managed account as of both December 2019 and December 2018.

GS Bank USA, an affiliate of the firm, has a deposit obligation to the Plan under the Plan’s Bank Deposit Option. No fees were paid during 2019 and 2018, or were payable by the Plan to GS Bank USA as of both December 2019 and December 2018, for bank deposit obligations.

State Street Global Advisors, manages several investment options within the Plan. These investments include the SSgA S&P 500^® Index Non-Lending Series Fund, SSgA S&P MidCap^® Index Non-Lending Series Fund, SSgA Russell Small Cap^® Index Non-Lending Series Fund, SSgA Emerging Markets Index Non-Lending Series Fund, and the SSgA U.S. Bond Index Non-Lending Series Fund, each of which are collective trust funds, and the SSgA Hedged International Developed Equity Index Fund, which is a mutual fund. Through September 2019, fees associated with the management of these collective trust funds qualify as party-in-interest transactions.

THE GOLDMAN SACHS 401(k) PLAN

Notes to Financial Statements

Note 7.

Plan Termination

The firm intends to continue the Plan indefinitely, but reserves the right to discontinue or amend the Plan at any time, subject to the provisions of ERISA. In the event of discontinuance, affected participants will become fully vested in the Firm Contributions and the related investment income as required by ERISA.

Note 8.

Income Tax Status

The Internal Revenue Service has determined, and informed the firm by a letter dated April 14, 2017, that the terms of the Plan conform to the requirements of section 401(a) of the Internal Revenue Code of 1986, as amended.

Note 9.

Reconciliation of Financial Statements to Form 5500

The tables below present the reconciliations from the Plan’s financial statements to the Form 5500.



	As of December

$ in thousands		2019			2018
Net assets available for benefits, per Statements of Net Assets Available for Benefits	$	8,505,365		$	7,011,027
Amounts allocated to withdrawing participants		(48,016	)		(22,069	)
Net assets, per the Form 5500	$	8,457,349		$	6,988,958

	As of December

$ in thousands		2019			2018
Benefits paid, per Statements of Changes in Net Assets Available for Benefits	$	434,823		$	437,823
Amounts allocated to withdrawing participants, ending balance		48,016			22,069
Amounts allocated to withdrawing participants, beginning balance		(22,069	)		(26,805	)
Benefits paid to participants and certain deemed distributions of participant loans, per the Form 5500	$	460,770		$	433,087

Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to both December 2019 and December 2018, but had not yet been paid as of that date.

Note 10.

Financial Instruments with Off-Balance-Sheet Risk

In accordance with the investment strategy of the separately managed accounts, the Plan’s investment managers execute transactions in various financial instruments that may give rise to varying degrees of off-balance-sheet market and credit risk, including investment liabilities. These investment liabilities involve obligations to deliver specified securities at contracted prices and thereby create a liability to purchase the securities at prevailing future market prices. Accordingly, these transactions result in off-balance-sheet risk as the Plan’s ultimate obligation to satisfy the sale of investment liabilities, may exceed the amount recognized in the financial statements.

Derivatives are instruments that derive their value from underlying asset prices, indices, reference rates and other inputs, or a combination of these factors. Derivatives may be traded on an exchange (exchange-traded) or they may be privately negotiated contracts, which are usually referred to as over-the-counter (OTC) derivatives.

The Plan enters into various types of derivatives, including:

•

Futures and Forwards. Contracts that commit counterparties to purchase or sell financial instruments, commodities or currencies in the future.

•

Swaps. Contracts that require counterparties to exchange cash flows such as currency or interest payment streams. The amounts exchanged are based on the specific terms of the contract with reference to specified rates, financial instruments, commodities, currencies or indices.

•

Options. Contracts in which the option purchaser has the right, but not the obligation, to purchase from or sell to the option writer financial instruments, commodities or currencies within a defined time period for a specified price.

As a writer of option contracts, the Plan receives a premium to become obligated to buy or sell financial instruments for a period of time at the holder’s option. During this period, the Plan bears the risk of an unfavorable change in the market value of the financial instrument underlying the option, but has no credit risk, as the counterparty has no performance obligation to the Plan once it has paid its cash premium.

THE GOLDMAN SACHS 401(k) PLAN

Notes to Financial Statements

Derivatives are recorded on a gross basis in the statements of net assets available for benefits and are accounted for at fair value.

Risk Management

Market risk includes risk that arises from the potential for changes in value of financial instruments resulting from fluctuations in interest and foreign exchange rates, in prices of commodities, and in prices of debt and equity securities. In many cases, these financial instruments serve to reduce, rather than increase, the Plan’s exposure to losses from market or other risks. In addition, the measurement of market risk is meaningful only when all related and offsetting transactions are identified. The investment managers may limit the Plan’s market risk by holding or purchasing offsetting positions.

The Plan is subject to credit risk of counterparty nonperformance on derivative assets, except for written options, which obligate the Plan to perform and do not give rise to any counterparty credit risk.

The tables below present information about derivative contracts by major product type.

As of December 2019

As of December 2018

$ in thousands

Derivative
Assets

Derivative
Liabilities

Derivative
Assets

Derivative
Liabilities

Interest rates

$ 2,938

$ 1,027

$ 1,489

$ 817

Credit

299

491

Currencies

1,585

2,374

128

Commodities

337

362

–

Equities

2,402

2,852

1,747

5,844

Total gross fair value

$ 7,297

$ 6,914

$ 3,394

$ 7,185

Not offset in statements of net assets available for benefits

Counterparty netting

$(4,645

)

$(4,645

)

$(2,907

)

$(2,907

)

Cash collateral netting

(2,652

)

(1,045

)

(487

)

(75

)

Total

$ –

$ 1,224

$ –

$ 4,203



	Notional Amounts as of December

$ in thousands		2019	2018
Interest rates		$2,644,734	$634,815
Credit		48,762	35,940
Currencies		9,887	12,776
Commodities		49,530	11,744
Equities		86,519	30,338
Total		$2,839,432	$725,613

In the tables above:

•

Gross fair values exclude the effects of both counterparty netting and collateral, and therefore are not representative of the Plan’s exposure.

•

Notional amounts, which represent the sum of gross long and short derivative contracts, provide an indication of the volume of the Plan’s derivative activity and do not represent anticipated losses.

The table below presents the net appreciation/(depreciation) in the fair value of derivatives (including gains and losses on derivatives bought and sold, as well as held during the year) by major product type.



	Year Ended December

$ in thousands		2019		2018
Interest rates		$ (2,705	)	$ 1,680
Credit		(590	)	455
Currencies		389		407
Commodities		(1,179	)	345
Equities		5,439		(9,101	)
Total		$ 1,354		$(6,214	)

Credit Derivatives

The Plan’s investment managers enter into various credit derivative transactions.

The Plan enters into credit default swaps. Single-name credit default swaps protect the buyer against the loss of principal on one or more bonds, loans or mortgages (reference obligations) in the event the issuer of the reference obligations suffers a credit event. The buyer of protection pays an initial or periodic premium to the seller and receives protection for the period of the contract. If there is no credit event, as defined in the contract, the seller of protection makes no payments to the buyer. If a credit event occurs, the seller of protection is required to make a payment to the buyer, calculated according to the terms of the contract.

All of the Plan’s written and purchased credit derivative transactions are with financial institutions and are subject to stringent collateral thresholds. These amounts were not material for both December 2019 and December 2018.

Note 11.

Subsequent Events

The outbreak of a novel strain of coronavirus (COVID-19) has resulted in a global pandemic in 2020, which has created significant economic disruptions. The extent to which the COVID-19 pandemic will impact the financial performance of the Plan, will depend on future developments, which are highly uncertain and cannot be predicted.

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
Bank Deposit
*GOLDMAN SACHS BANK USA BANK DEPOSIT ACCOUNT		285,592,577	$	285,592,577
Total Bank Deposit			$	285,592,577
Mutual Funds
AQR EQUITY MARKET NEUTRAL FUND		3,032,653	$	27,961,065
ASHMORE EMERGING MARKETS LOCAL CURRENCY BOND FUND		3,725,761		29,247,225
DODGE & COX INTERNATIONAL STOCK FUND		1,446,389		63,062,547
GUGGENHEIM HIGH YIELD FUND		13,659,858		149,165,650
STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND		8,884,588		92,755,102
VANGUARD FEDERAL MONEY MARKET		676,515,005		676,515,005
VANGUARD HIGH YIELD CORPORATE		6,766,095		40,325,923
VANGUARD INFLATION-PROTECTED SECURITIES FUND		9,281,493		97,826,937
WESTERN ASSET CORE PLUS BOND FUND		13,842,845		165,698,852
Total Mutual Funds			$	1,342,558,306
Collective Trusts
BLACKROCK 20+ TREASURY BOND INDEX FUND		1,482,278	$	74,444,590
BLACKROCK EQUITY GROWTH INDEX FUND		6,450,231		241,088,454
BLACKROCK EQUITY VALUE INDEX FUND		6,003,013		234,702,796
BLACKROCK INTERNATIONAL EQUITY INDEX FUND		1,742,105		46,864,898
BLACKROCK LIFEPATH^® INDEX 2025 NON-LENDABLE FUND		3,897,321		106,766,708
BLACKROCK LIFEPATH^® INDEX 2030 NON-LENDABLE FUND		5,289,625		155,946,174
BLACKROCK LIFEPATH^® INDEX 2035 NON-LENDABLE FUND		5,523,402		174,382,074
BLACKROCK LIFEPATH^® INDEX 2040 NON-LENDABLE FUND		6,303,658		211,303,030
BLACKROCK LIFEPATH^® INDEX 2045 NON-LENDABLE FUND		7,569,664		266,642,923
BLACKROCK LIFEPATH^® INDEX 2050 NON-LENDABLE FUND		6,178,319		225,947,934
BLACKROCK LIFEPATH^® INDEX 2055 NON-LENDABLE FUND		7,644,582		202,134,203
BLACKROCK LIFEPATH^® INDEX 2060 NON-LENDABLE FUND		86,838		1,306,870
BLACKROCK LIFEPATH^® RETIREMENT INDEX NON-LENDABLE FUND		4,460,959		97,170,396
SSGA EMERGING MARKETS INDEX NON-LENDING SERIES FUND		5,243,253		177,478,856
SSGA RUSSELL 2000^® INDEX NON-LENDING SERIES FUND		7,231,981		238,677,052
SSGA S&P 500^® INDEX NON-LENDING SERIES FUND		46,648,716		1,340,216,810
SSGA S&P MIDCAP^® INDEX NON-LENDING SERIES FUND		2,901,678		256,403,852
SSGA US BOND INDEX NON-LENDING SERIES FUND		2,898,093		33,047,524
T.ROWE PRICE EMERGING MARKETS EQUITY FUND		77,159		45,084,291
Total Collective Trusts			$	4,129,609,435

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
Separately Managed Accounts
Cash and Cash Equivalents
AED (UNITED ARAB EMIRATES DIRHAM)		31,209	$	8,497
ARS (ARGENTINE PESO)		1,220,809		20,390
AUD (AUSTRALIAN DOLLARS)		217,071		50,281
BRL (BRAZILIAN REAL)		4,743		1,179
CAD (CANADIAN DOLLARS)		1,337,776		940,237
CNY (CHINESE YUAN RENMINBI)		18,629,443		105
COP (COLOMBIAN PESO)		55,310,858		16,855
DKK (DANISH KRONE)		1,833,533		275,429
EUR (EURO)		903,754		977,304
GBP (GREAT BRITISH POUNDS)		227,020		34,051
HKD (HONG KONG DOLLARS)		1,779		206
IDR (INDONESIAN RUPIAH)		20,504,000		1,477
INR (INDIAN RUPEE)		1,496,385		20,964
KES (KENYAN SHILLING)		861		9
KRW (SOUTH KOREAN WON)		11,504		10
MXN (MEXICAN PESO)		238,002		12,557
MYR (MALAYSIAN RINGGIT)		481		118
NGN (NIGERIAN NAIRA)		4,194,788		11,558
NZD (NEW ZEALAND DOLLAR)		744		502
RON (ROMANIAN LEU)		1,932		–
RUB (RUSSIAN RUBLE)		1,965,777		31,649
SEK (SWEDISH KRONA)		28,291		2,969
SGD (SINGAPORE DOLLARS)		1,372		274
THB (THAI BAHT)		217,161		7,250
TRY (TURKISH LIRA)		53		9
TWD (TAIWAN DOLLAR)		381,907		12,740
USD (US DOLLAR)		2,476,120		2,476,120
VND (VIETNAM DONG)		935,784,675		40,384
ZAR (SOUTH AFRICAN RAND)		115,147		8,006
Total Cash and Cash Equivalents			$	4,951,130
Securities Purchased Under Agreements to Resell
J P MORGAN CHASE REV REPO 1.650% 01/02/2020 DD 12/31/19		36,800,000	$	36,800,000
Total Securities Purchased Under Agreements to Resell			$	36,800,000

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
Fixed Income Securities
ABBVIE INC 144A 2.150% 11/19/2021 DD 11/21/19		825,000	$	826,195
ABBVIE INC 144A 2.300% 11/21/2022 DD 11/21/19		700,000		703,538
ABBVIE INC 144A VAR RT 11/19/2021 DD 11/21/19		200,000		200,391
ABBVIE INC 2.300% 05/14/2021 DD 05/12/16		849,000		852,128
ABN AMRO BANK NV 144A 2.650% 01/19/2021 DD 01/19/18		600,000		603,600
ABU DHABI GOVERNMENT INTE 144A 2.500% 10/11/2022 DD 10/11/17		300,000		303,681
ACCESS GROUP INC 2015 1 A 144A VAR RT 07/25/2056 DD 07/23/15		253,310		247,681
ACTIVISION BLIZZARD INC 2.300% 09/15/2021 DD 03/15/17		100,000		100,526
AEP TEXAS INC 2.400% 10/01/2022 DD 09/22/17		400,000		403,734
AFRICAN DEVELOPMENT BANK 2.310% 07/14/2021		3,300,000		3,314,965
AFRICAN DEVELOPMENT BANK 2.625% 03/22/2021 DD 03/22/18		1,670,000		1,688,946
AFRICAN DEVELOPMENT BANK 5.250% 03/23/2022		200,000		152,585
AIB GROUP PLC 144A 4.750% 10/12/2023 DD 10/12/18		200,000		215,019
AIG GLOBAL FUNDING 144A 2.150% 07/02/2020 DD 07/05/17		225,000		225,216
AIG GLOBAL FUNDING 144A 3.350% 06/25/2021 DD 06/27/18		175,000		178,876
AIG GLOBAL FUNDING 144A VAR RT 06/25/2021 DD 06/27/18		125,000		125,469
AIR LEASE CORP 2.500% 03/01/2021 DD 01/16/18		200,000		200,922
AIR LEASE CORP 2.750% 01/15/2023 DD 11/20/17		500,000		506,630
AIR LEASE CORP 3.500% 01/15/2022 DD 09/17/18		475,000		488,158
ALLERGAN SALES LLC 144A 5.000% 12/15/2021 DD 12/10/13		100,000		104,593
ALLY FINANCIAL INC 4.125% 02/13/2022 DD 02/13/15		100,000		103,250
ALLY FINANCIAL INC 8.000% 11/01/2031 DD 12/31/08		100,000		138,810
ALLY MASTER OWNER TRUST 1 A2 2.700% 01/17/2023 DD 02/14/18		2,000,000		2,014,189
ALTERNATIVE LOAN TRU OA17 1A1A VAR RT 12/20/2046 DD 09/29/06		113,173		98,523
ALTRIA GROUP INC 3.490% 02/14/2022 DD 02/14/19		575,000		591,805
AMERICAN ELECTRIC POWER CO INC 2.150% 11/13/2020 DD 11/13/17		675,000		676,321
AMERICAN EXPRESS CO 3.375% 05/17/2021 DD 05/17/18		425,000		433,127
AMERICAN EXPRESS CO 3.700% 11/05/2021 DD 11/06/18		375,000		386,458
AMERICAN EXPRESS CREDIT AC 2 A 2.670% 11/15/2024 DD 04/29/19		650,000		661,451
AMERICAN EXPRESS CREDIT AC 6 A 2.040% 05/15/2023 DD 10/30/17		300,000		300,459
AMORTIZING RESIDENTIAL CO 1 A5 VAR RT 10/25/2034 DD 09/25/04		307,787		308,811
ANHEUSER-BUSCH INBEV FINANCE I 3.300% 02/01/2023 DD 01/25/16		390,000		404,060
ARCHER-DANIELS-MIDLAND CO 3.375% 03/15/2022 DD 12/03/18		200,000		206,335
ARGENTINA POM POLITICA MONETAR VAR RT 06/21/2020		5,310,000		59,421
ASTRAZENECA PLC VAR RT 08/17/2023 DD 08/17/18		200,000		200,480
AT&T INC 2.800% 02/17/2021 DD 02/09/16		330,000		332,972
AT&T INC 3.000% 02/15/2022 DD 02/13/12		800,000		816,040
AT&T INC 3.200% 03/01/2022 DD 02/09/17		450,000		460,685
AT&T INC 3.875% 08/15/2021 DD 08/18/11		525,000		540,936
AT&T INC VAR RT 06/01/2021 DD 06/25/18		100,000		100,593
AT&T INC VAR RT 07/15/2021 DD 05/19/17		400,000		403,807
AUTONOMOUS COMMUNITY OF CATALO 4.900% 09/15/2021		400,000		477,305
AVIATION CAPITAL GROUP LL 144A 2.875% 01/20/2022 DD 01/20/17		400,000		402,882
AVOLON HOLDINGS FUNDING L 144A 3.625% 05/01/2022 DD 04/16/19		525,000		537,915
AVOLON HOLDINGS FUNDING L 144A 5.500% 01/15/2023 DD 03/12/18		200,000		215,616
BANC OF AMERICA MORTGAGE F 3A1 VAR RT 07/25/2035 DD 06/01/05		13,424		12,559
BANC OF AMERICA MORTGAGE H 2A5 VAR RT 09/25/2035 DD 08/01/05		62,947		62,014
BANCA CARIGE SPA REGS VAR RT 05/25/2022		300,000		337,535
BANCA CARIGE SPA REGS VAR RT 10/25/2021		300,000		338,680
BANCO DE CREDITO DEL PERU 144A 4.650% 09/17/2024 DD 09/17/19		300,000		91,284
BANCO SANTANDER SA 2.706% 06/27/2024 DD 06/27/19		400,000		405,696
BANK OF AMERICA CORP VAR RT 01/23/2022 DD 01/23/18		250,000		251,821

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
BANK OF AMERICA CORP VAR RT 05/17/2022 DD 05/17/18		250,000		255,023
BANK OF AMERICA CORP VAR RT 07/21/2021 DD 07/21/17		450,000		450,925
BANK OF AMERICA CORP VAR RT 12/20/2023 DD 12/20/17		1,700,000		1,739,686
BANK OF AMERICA CORP VAR RT 12/31/2049 DD 03/15/18		100,000		110,880
BANK OF AMERICA NA VAR RT 01/25/2023 DD 01/25/19		425,000		436,679
BANK OF THE WEST AUT 1 A3 144A 2.430% 04/15/2024 DD 06/26/19		300,000		301,716
BANQUE FEDERATIVE DU CRED 144A 2.125% 11/21/2022 DD 11/21/19		625,000		625,879
BARCLAYS BANK PLC 2.650% 01/11/2021 DD 01/11/18		725,000		729,743
BAYER US FINANCE II LLC 144A 3.500% 06/25/2021 DD 06/25/18		1,025,000		1,043,699
BAYER US FINANCE II LLC 144A VAR RT 06/25/2021 DD 06/25/18		600,000		601,893
BEAR STEARNS ALT-A TRUS 6 31A1 VAR RT 11/25/2036 DD 09/01/06		186,334		171,683
BEAR STEARNS ARM TRUST 2 4 3A1 VAR RT 08/25/2035 DD 06/01/05		17,103		16,267
BEAR STEARNS STRUCTURED R6 1A1 VAR RT 01/26/2036 DD 08/01/07		46,417		41,654
BECTON DICKINSON AND CO 2.404% 06/05/2020 DD 06/06/17		300,000		300,319
BECTON DICKINSON AND CO VAR RT 12/29/2020 DD 03/01/18		337,000		337,166
BERKSHIRE HATHAWAY ENERGY CO 2.375% 01/15/2021 DD 01/05/18		325,000		326,737
BMW FINANCE NV 144A 2.250% 08/12/2022 DD 08/14/19		300,000		301,202
BONOS DEL TESORO NACIONAL EN P VAR RT 04/03/2022		2,350,000		27,671
BP CAPITAL MARKETS AMERICA INC 2.520% 09/19/2022 DD 09/19/18		600,000		607,928
BP CAPITAL MARKETS PLC 3.561% 11/01/2021 DD 11/01/11		1,075,000		1,108,606
BP CAPITAL MARKETS PLC REGS 2.518% 01/16/2020		300,000		300,021
BPCE SA 2.650% 02/03/2021 DD 02/03/16		250,000		251,755
BRAZIL LETRAS DO TESOURO NACIO 0.000% 04/01/2020		4,100,000		1,008,741
BRAZIL LETRAS DO TESOURO NACIO 0.000% 07/01/2020		200,000		48,702
BRAZOS HIGHER EDUCATION 2 A12 VAR RT 03/27/2023 DD 06/23/05		587,662		586,215
BRISTOL-MYERS SQUIBB CO 144A 2.550% 05/14/2021 DD 05/16/19		375,000		378,730
BRISTOL-MYERS SQUIBB CO 144A 2.600% 05/16/2022 DD 05/16/19		425,000		432,080
BRITISH TRANSCO INTERNATI REGS 0.000% 11/04/2021		300,000		287,483
BROADCOM CORP / BROADCOM CAYMA 2.200% 01/15/2021 DD 10/17/17		475,000		475,365
BROADCOM CORP / BROADCOM CAYMA 2.375% 01/15/2020 DD 01/15/18		175,000		175,008
BROADCOM CORP / BROADCOM CAYMA 3.000% 01/15/2022 DD 01/15/18		624,000		633,232
BROADCOM INC 144A 3.125% 04/15/2021 DD 04/05/19		900,000		910,926
BROADCOM INC 144A 3.125% 10/15/2022 DD 04/05/19		875,000		891,448
BRUNEL RESIDENTIAL 1X A4B REGS VAR RT 01/13/2039		173,139		226,444
CAMPBELL SOUP CO 3.300% 03/15/2021 DD 03/16/18		100,000		101,484
CAMPBELL SOUP CO 3.650% 03/15/2023 DD 03/16/18		100,000		104,184
CAPITAL ONE FINANCIAL CORP 3.450% 04/30/2021 DD 04/30/18		525,000		534,550
CAPITAL ONE MULTI-ASSET A2 A2 1.720% 08/15/2024 DD 09/05/19		804,000		801,532
CAPITAL ONE NA 2.650% 08/08/2022 DD 08/08/17		625,000		634,423
CELANESE US HOLDINGS LLC 3.500% 05/08/2024 DD 05/08/19		75,000		77,560
CENTERPOINT ENERGY INC 2.500% 09/01/2022 DD 08/10/17		675,000		680,613
CENTERPOINT ENERGY RESOURCES C 4.500% 01/15/2021 DD 07/15/11		300,000		305,804
CENTRAL JAPAN RAILWAY CO REGS 2.800% 02/23/2022		200,000		202,302
CENTRAL JAPAN RAILWAY CO REGS 3.400% 09/06/2023		400,000		414,337
CENTRAL NIPPON EXPRESSWAY REGS 2.091% 09/14/2021		300,000		299,234
CENTRAL NIPPON EXPRESSWAY REGS 2.362% 05/28/2021		400,000		400,679
CENTRAL NIPPON EXPRESSWAY REGS VAR RT 11/02/2021		400,000		400,329
CHARTER COMMUNICATIONS OPERATI 4.464% 07/23/2022 DD 07/23/16		1,500,000		1,576,754
CHARTER COMMUNICATIONS OPERATI 6.384% 10/23/2035 DD 10/23/16		300,000		377,594
CHASE MORTGAGE FINANCE A1 1A1 VAR RT 02/25/2037 DD 02/01/07		60,464		61,560
CHL MORTGAGE PASS-THROUG 7 1A1 VAR RT 03/25/2035 DD 01/27/05		39,188		38,039
CHUBB INA HOLDINGS INC 2.875% 11/03/2022 DD 11/03/15		250,000		256,518
CHUGOKU ELECTRIC POWER CO REGS 2.701% 03/16/2020		500,000		500,250

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
CIGNA CORP 3.400% 09/17/2021 DD 03/17/19		1,275,000		1,305,167
CITIBANK CREDIT CARD ISS A7 A7 VAR RT 08/08/2024 DD 08/08/17		850,000		852,186
CITIBANK NA 3.400% 07/23/2021 DD 07/23/18		750,000		766,106
CITIBANK NA VAR RT 05/20/2022 DD 05/22/19		500,000		503,973
CITIGROUP INC 2.700% 10/27/2022 DD 10/27/17		1,975,000		2,007,879
CITIZENS BANK NA/PROVIDENCE RI 3.250% 02/14/2022 DD 02/14/19		425,000		435,542
CITIZENS BANK NA/PROVIDENCE RI VAR RT 03/02/2020 DD 03/02/17		325,000		325,138
CLYDESDALE BANK PLC REGS 2.250% 04/21/2020		100,000		132,894
CNH INDUSTRIAL CAPITAL LLC 4.375% 11/06/2020 DD 11/06/15		100,000		101,625
CNH INDUSTRIAL CAPITAL LLC 4.875% 04/01/2021 DD 03/17/16		100,000		103,250
COMCAST CABLE COMMUNICATIONS H 9.455% 11/15/2022 DD 11/18/02		100,000		120,852
COMCAST CORP 3.450% 10/01/2021 DD 10/05/18		700,000		720,564
COMCAST CORP VAR RT 10/01/2020 DD 10/05/18		900,000		901,550
COMCAST CORP VAR RT 10/01/2021 DD 10/05/18		200,000		200,983
CONSOLIDATED EDISON INC 2.000% 05/15/2021 DD 05/16/16		100,000		100,064
CONSTELLATION BRANDS INC 2.700% 05/09/2022 DD 05/09/17		875,000		886,031
COOPERATIEVE RABOBANK UA REGS 6.875% 03/19/2020		200,000		227,572
COOPERATIEVE RABOBANK UA REGS VAR RT 12/31/2049		400,000		487,165
COOPERATIEVE RABOBANK UA/NY VAR RT 04/26/2021 DD 04/26/18		275,000		275,947
CO-OPERATIVE GROUP HOLDIN REGS STEP 07/08/2020		100,000		136,171
CREDIT SUISSE AG REGS 6.500% 08/08/2023		200,000		222,750
CREDIT SUISSE AG/NEW YORK NY 2.100% 11/12/2021 DD 11/12/19		325,000		326,538
CREDIT SUISSE GROUP FUNDING GU 3.450% 04/16/2021 DD 10/18/16		800,000		813,703
CREDIT SUISSE GROUP FUNDING GU 3.800% 06/09/2023 DD 06/10/16		250,000		261,756
CROWN POINT CLO 5 LT 5A A 144A VAR RT 07/17/2028 DD 07/17/18		200,000		199,089
CSFB MORTGAGE-BACKED T AR6 9A2 VAR RT 10/25/2034 DD 06/29/04		5,000		5,071
CVC CORDATUS LOAN 4A ARR 144A VAR RT 04/22/2030		250,000		281,241
CVS HEALTH CORP 2.125% 06/01/2021 DD 05/25/16		175,000		175,302
CVS HEALTH CORP 3.700% 03/09/2023 DD 03/09/18		866,000		902,663
CVS HEALTH CORP 4.000% 12/05/2023 DD 12/05/13		625,000		661,440
CZECH REPUBLIC MINISTRY OF FIN 0.000% 01/10/2020		2,000,000		88,344
DAIMLER FINANCE NORTH AME 144A 2.850% 01/06/2022 DD 01/06/17		300,000		303,707
DANONE SA 144A 2.077% 11/02/2021 DD 11/02/16		400,000		400,417
DBS BANK LTD 144A 3.300% 11/27/2021 DD 11/27/18		100,000		102,633
DELL INTERNATIONAL LLC / 144A 4.420% 06/15/2021 DD 06/01/16		1,000,000		1,029,112
DELL INTERNATIONAL LLC / 144A 5.450% 06/15/2023 DD 06/01/16		775,000		840,673
DEUTSCHE BANK AG/NEW YORK NY 2.700% 07/13/2020 DD 07/13/17		775,000		775,546
DEUTSCHE BANK AG/NEW YORK NY 4.250% 10/14/2021 DD 04/14/18		500,000		514,261
DEUTSCHE BANK AG/NEW YORK NY VAR RT 11/26/2025 DD 11/26/19		300,000		306,539
DEUTSCHE TELEKOM INTERNAT 144A 1.950% 09/19/2021 DD 09/19/16		200,000		200,007
DH EUROPE FINANCE II SARL 2.050% 11/15/2022 DD 11/07/19		350,000		350,383
DISH DBS CORP 5.125% 05/01/2020 DD 04/05/13		100,000		100,625
DNB BOLIGKREDITT AS 144A 2.500% 03/28/2022 DD 03/28/17		200,000		202,501
DOLLAR TREE INC VAR RT 04/17/2020 DD 04/19/18		475,000		475,088
DOMINION ENERGY GAS HOLDINGS L 2.800% 11/15/2020 DD 11/17/15		400,000		402,805
DOMINION ENERGY INC 144A 2.450% 01/15/2023 DD 08/09/19		400,000		401,398
DOMINION ENERGY INC STEP 08/15/2024 DD 05/15/2019		125,000		128,771
DR HORTON INC 2.550% 12/01/2020 DD 12/05/17		150,000		150,661
DRESDNER FUNDING TRUST I 144A 8.151% 06/30/2031 DD 05/25/99		200,000		269,000
DRYDEN 46 EURO CL 46A A1R 144A VAR RT 01/15/2030		250,000		280,799
DTE ENERGY CO 2.600% 06/15/2022 DD 06/13/19		175,000		176,227
DUKE ENERGY CAROLINAS LLC 3.350% 05/15/2022 DD 11/08/18		375,000		387,417
EBAY INC 3.800% 03/09/2022 DD 03/09/16		200,000		206,758

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
ECMC GROUP STUDENT L 2A A 144A VAR RT 09/25/2068 DD 10/10/18		669,497		657,849
ECOLAB INC 4.350% 12/08/2021 DD 12/08/11		200,000		209,438
EMD FINANCE LLC 144A 2.400% 03/19/2020 DD 03/19/15		400,000		400,123
EMERALD BAY SA 144A 0.000% 10/08/2020		98,000		107,255
ENBRIDGE INC VAR RT 01/10/2020 DD 10/10/17		200,000		200,022
ENBRIDGE INC VAR RT 06/15/2020 DD 06/15/17		100,000		100,166
ENERGY TRANSFER OPERATING LP 4.250% 03/15/2023 DD 03/15/19		200,000		208,903
ENERGY TRANSFER OPERATING LP 7.500% 10/15/2020 DD 10/15/18		200,000		207,846
ENTERPRISE PRODUCTS OPERATING 3.500% 02/01/2022 DD 10/11/18		100,000		103,044
ENTERPRISE PRODUCTS OPERATING 5.250% 01/31/2020 DD 10/05/09		800,000		801,812
ERAC USA FINANCE LLC 144A 2.600% 12/01/2021 DD 05/26/16		200,000		201,545
EUROPEAN BANK FOR RECONSTRUCTI 2.750% 04/26/2021 DD 04/26/18		2,590,000		2,625,345
EUROPEAN INVESTMENT BANK REGS 0.500% 07/21/2023		200,000		135,964
EUROPEAN INVESTMENT BANK REGS 0.500% 08/10/2023		200,000		136,000
EUROSAIL-UK 2007-3 3X A3A REGS VAR RT 06/13/2045		146,872		193,829
EVANS GROVE CLO LTD 1A A1 144A VAR RT 05/28/2028 DD 05/29/18		100,000		99,378
EXELON CORP 5.150% 12/01/2020 DD 12/14/10		250,000		255,023
FAIRFAX FINANCIAL HOLDING 2.750% 29-MAR-2028 144A		100,000		120,757
FEDERAL NATL MTG ASSN 2.125% 04/24/2026 DD 04/26/16		100,000		101,513
FHLMC POOL #G0-8788 3.500% 11/01/2047 DD 10/01/17		840,345		873,169
FHLMC POOL #RA-1313 3.000% 08/01/2049 DD 08/01/19		999,900		1,015,617
FHLMC POOL #RA-1823 3.000% 08/01/2049 DD 11/01/19		799,921		812,484
FHLMC POOL #RA-1865 3.000% 12/01/2049 DD 12/01/19		3,300,000		3,351,827
FHLMC MULTICLASS MT VAR RT 01/15/2038 DD 05/01/16		75,163		5,117
FHLMC MULTICLASS MTG 3179 FP VAR RT 07/15/2036 DD 07/15/06		8,808		8,782
FHLMC MULTICLASS MTG 4579 FD VAR RT 01/15/2038 DD 05/01/16		75,163		74,601
FHLMC MULTICLASS MTG 4594 PA 3.000% 11/15/2044 DD 06/01/16		397,664		408,566
FHLMC MULTICLASS MTG 4604 HA 2.500% 05/15/2045 DD 08/01/16		274,793		277,834
FHLMC MULTICLASS MTG 4709 EA 3.000% 01/15/2046 DD 08/01/17		527,002		540,647
FHLMC MULTICLASS MTG 4718 DA 3.000% 02/15/2047 DD 09/01/17		376,850		385,368
FHLMC MULTICLASS MTG 4839 A 4.000% 04/15/2051 DD 10/01/18		6,963,066		7,347,687
FHLMC MULTICLASS MTG K504 A2 VAR RT 09/25/2020 DD 01/01/16		188,646		188,655
FHLMC MULTICLASS MTG KC01 A1 1.981% 10/25/2022 DD 05/01/16		559,417		559,012
FHLMC MULTICLASS STRIP 278 F1 VAR RT 09/15/2042 DD 09/15/12		147,790		147,895
FIFTH THIRD BANK/CINCINNATI OH 3.350% 07/26/2021 DD 07/26/18		375,000		383,288
FIFTH THIRD BANK/CINCINNATI OH VAR RT 07/26/2021 DD 07/26/18		350,000		351,169
FISERV INC 2.750% 07/01/2024 DD 06/24/19		375,000		381,624
FISERV INC 3.800% 10/01/2023 DD 09/25/18		150,000		158,452
FISERV INC 4.750% 06/15/2021 DD 06/14/11		475,000		493,971
FNMA POOL #0555678 5.000% 08/01/2033 DD 07/01/03		734,855		809,831
FNMA POOL #0735676 5.000% 07/01/2035 DD 06/01/05		234,792		258,731
FNMA POOL #0AB0130 5.000% 05/01/2038 DD 05/01/09		65,566		72,346
FNMA POOL #0AB2503 4.500% 03/01/2031 DD 02/01/11		6,871		7,383
FNMA POOL #0AL1674 VAR RT 05/01/2042 DD 05/01/12		83,947		87,097
FNMA POOL #0AL5548 VAR RT 05/01/2038 DD 07/01/14		75,394		78,986
FNMA POOL #0BF0334 3.500% 01/01/2059 DD 08/01/19		388,144		408,299
FNMA POOL #0BJ8703 3.500% 05/01/2049 DD 08/01/19		95,959		101,216
FNMA POOL #0CA4346 3.000% 10/01/2049 DD 09/01/19		198,781		203,837
FNMA POOL #0FM1796 3.500% 10/01/2034 DD 10/01/19		98,642		102,743
FNMA POOL #0MA0634 4.500% 01/01/2031 DD 12/01/10		6,006		6,362
FNMA POOL #0MA3685 3.000% 05/01/2049 DD 05/01/19		400,000		406,149
FNMA POOL #0MA3833 2.500% 10/01/2049 DD 10/01/19		499,951		494,443

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
FNMA GTD REMIC P/T 06-30 KF VAR RT 05/25/2036 DD 04/25/06		25,233		25,034
FNMA GTD REMIC P/T 15-92 PA 2.500% 12/25/2041 DD 11/01/15		113,440		115,253
FNMA GTD REMIC P/T 18-27 WF VAR RT 05/25/2058 DD 04/01/18		1,378,393		1,370,677
FORD CREDIT AUTO OWNE 2 A 144A 2.030% 12/15/2027 DD 06/28/16		400,000		400,065
FORD CREDIT FLOORPLAN MAS 3 A1 3.520% 10/15/2023 DD 11/09/18		400,000		410,338
FORD MOTOR CREDIT CO LLC 2.459% 03/27/2020 DD 03/27/15		200,000		200,062
FORD MOTOR CREDIT CO LLC 2.681% 01/09/2020 DD 01/09/17		200,000		200,015
FORD MOTOR CREDIT CO LLC 3.157% 08/04/2020 DD 08/04/15		525,000		527,084
FORD MOTOR CREDIT CO LLC VAR RT 09/24/2020 DD 09/24/18		500,000		500,705
FOX CORP 144A 3.666% 01/25/2022 DD 01/25/19		750,000		774,544
FRENCH REPUBLIC GOVERNMEN 144A 1.500% 05/25/2050		300,000		388,237
FRENCH REPUBLIC GOVERNMEN 144A 2.000% 05/25/2048		1,100,000		1,585,864
FRENCH REPUBLIC GOVERNMEN REGS 3.250% 05/25/2045		400,000		703,714
GATX CORP VAR RT 11/05/2021 DD 11/06/17		200,000		200,856
GENERAL DYNAMICS CORP 2.875% 05/11/2020 DD 05/11/18		550,000		551,907
GENERAL DYNAMICS CORP 3.000% 05/11/2021 DD 05/11/18		525,000		533,835
GENERAL ELECTRIC CO 0.375% 05/17/2022		200,000		224,645
GENERAL ELECTRIC CO 4.375% 09/16/2020 DD 09/16/10		200,000		203,100
GENERAL MOTORS FINANCIAL CO IN 3.200% 07/06/2021 DD 07/05/16		175,000		177,416
GENERAL MOTORS FINANCIAL CO IN 4.200% 11/06/2021 DD 11/06/18		250,000		259,198
GENERAL MOTORS FINANCIAL CO IN VAR RT 04/09/2021 DD 04/10/18		100,000		100,197
GILEAD SCIENCES INC 2.350% 02/01/2020 DD 11/17/14		250,000		250,058
GLENCORE FUNDING LLC 144A 3.000% 10/27/2022 DD 10/27/17		175,000		175,502
GNMA GTD REMIC 16-H2F F VAR RT 11/20/2066 DD 11/20/16		366,482		369,524
GNMA GTD REMIC P/T 16-H20 FG VAR RT 08/20/2066 DD 09/20/16		62,861		63,014
GNMA GTD REMIC P/T 18-H15 FG VAR RT 08/20/2068 DD 09/20/18		95,864		93,905
GNMA II POOL #0MA1376 4.000% 10/20/2043 DD 10/01/13		665,072		705,797
GOLDEN CREDIT CARD T 2A A 144A 1.980% 04/15/2022 DD 04/25/17		400,000		399,967
GOVERNMENT OF CANADA 1.500% 01-DEC-2044 REAL RTN BD		118,155		114,436
GOVERNMENT OF CANADA 2.000% 01-JUN-2028 SER H235		200,000		157,580
HARLEY-DAVIDSON FINANCIAL 144A VAR RT 03/02/2021 DD 11/28/18		100,000		100,582
HARVEST CLO X DA 10A ARNE 144A VAR RT 11/15/2028		254,767		285,915
HCA INC 4.750% 05/01/2023 DD 10/23/12		100,000		107,131
HEATHROW FUNDING LTD 144A 4.875% 07/15/2023 DD 06/28/11		200,000		206,829
HEWLETT PACKARD ENTERPRISE CO 2.250% 04/01/2023 DD 09/13/19		825,000		824,171
HSBC BANK CANADA 144A 3.300% 11/28/2021 DD 11/28/18		200,000		205,110
HSBC HOLDINGS PLC REGS VAR RT 12/31/2049		200,000		252,843
HSBC HOLDINGS PLC VAR RT 12/31/2049 DD 03/23/18		400,000		440,000
HSBC HOLDINGS PLC VAR RT 07/22/2028		100,000		139,508
HSBC USA INC 2.350% 03/05/2020 DD 03/05/15		200,000		200,102
HUNTINGTON NATIONAL BANK/THE 3.125% 04/01/2022 DD 02/26/19		525,000		536,768
HYUNDAI CAPITAL AMERICA 144A VAR RT 09/18/2020 DD 09/18/18		200,000		200,419
IHO VERWALTUNGS GMBH 144A 3.625% 05/15/2025		200,000		234,881
IHS MARKIT LTD 144A 5.000% 11/01/2022 DD 07/28/16		750,000		799,471
IMPERIAL BRANDS FINANCE P 144A 2.950% 07/21/2020 DD 07/21/15		200,000		200,564
INDYMAC INDX MORTGAGE AR15 A2 VAR RT 09/25/2035 DD 07/01/05		77,896		72,535
ING BANK NV 144A 2.625% 12/05/2022 DD 12/05/12		300,000		306,086
ING BANK NV 144A 2.750% 03/22/2021 DD 03/22/16		1,550,000		1,566,106
INGERSOLL-RAND GLOBAL HOLDING 2.900% 02/21/2021 DD 02/21/18		425,000		428,905
INTEL CORP 2.450% 07/29/2020 DD 07/29/15		600,000		602,291
INTERNATIONAL BANK FOR RECONST 1.625% 09/04/2020 DD 08/29/17		3,320,000		3,317,355
ITALY BUONI POLIENNALI DE 144A 2.450% 09/01/2033		100,000		122,096

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
ITALY BUONI POLIENNALI DE 144A 2.950% 09/01/2038		400,000		508,035
ITALY BUONI POLIENNALI DE 144A 3.850% 09/01/2049		200,000		290,527
ITALY BUONI POLIENNALI DE REGS 0.350% 02/01/2025		300,000		331,088
ITALY BUONI POLIENNALI DE REGS 1.350% 04/01/2030		500,000		558,113
ITALY BUONI POLIENNALI DE REGS 1.450% 11/15/2024		100,000		116,848
ITALY BUONI POLIENNALI DE REGS 2.100% 07/15/2026		400,000		481,818
ITALY BUONI POLIENNALI DE REGS 2.450% 10/01/2023		500,000		604,264
ITALY BUONI POLIENNALI DE REGS 2.500% 11/15/2025		400,000		492,049
ITALY BUONI POLIENNALI DE REGS 3.000% 08/01/2029		1,100,000		1,422,062
ITALY BUONI POLIENNALI DEL TES 0.350% 11/01/2021		700,000		791,634
JAPAN BANK FOR INTERNATIONAL C 3.250% 07/20/2023 DD 07/20/18		200,000		208,885
JAPAN BANK FOR INTERNATIONAL C 3.375% 10/31/2023 DD 10/31/18		200,000		210,407
JAPAN FINANCE ORGANIZATIO 144A 3.375% 09/27/2023 DD 09/27/18		400,000		419,029
JAPAN GOVERNMENT TEN YEAR BOND 0.100% 03/20/2029		110,000,000		1,024,652
JAPAN GOVERNMENT TEN YEAR BOND 0.100% 06/20/2029		110,000,000		1,024,116
JAPAN GOVERNMENT THIRTY YEAR B 0.500% 03/20/2049		100,000,000		942,121
JAPAN GOVERNMENT THIRTY YEAR B 0.500% 09/20/2046		82,000,000		777,708
JAPAN GOVERNMENT THIRTY YEAR B 0.700% 12/20/2048		204,000,000		2,026,710
JAPAN GOVERNMENT TWENTY YEAR B 1.400% 09/20/2034		10,000,000		108,913
JAPAN GOVERNMENT TWENTY YEAR B 1.500% 03/20/2033		20,000,000		217,925
JAPAN GOVERNMENT TWENTY YEAR B 1.700% 09/20/2032		460,000,000		5,099,386
JAPAN GOVERNMENT TWENTY YEAR B 2.200% 09/20/2028		30,000,000		330,634
JAPAN TOBACCO INC REGS 2.000% 04/13/2021		400,000		399,102
JAPAN TREASURY DISCOUNT BILL 0.000% 01/10/2020		410,000,000		3,774,437
JAPAN TREASURY DISCOUNT BILL 0.000% 01/14/2020		80,000,000		736,871
JAPAN TREASURY DISCOUNT BILL 0.000% 01/20/2020		160,000,000		1,473,474
JAPAN TREASURY DISCOUNT BILL 0.000% 01/27/2020		550,000,000		5,064,205
JAPAN TREASURY DISCOUNT BILL 0.000% 03/09/2020		4,300,000		39,582
JAPANESE GOVERNMENT CPI LINKED 0.100% 03/10/2028		80,920,000		765,454
JP MORGAN CHASE CO FL12 A 144A VAR RT 12/15/2031 DD 09/30/19		300,000		300,021
JP MORGAN MORTGAGE TRUS A3 7A1 VAR RT 04/25/2035 DD 04/01/06		22,818		23,291
JPMORGAN CHASE & CO 2.295% 08/15/2021 DD 08/08/16		1,175,000		1,177,895
JPMORGAN CHASE & CO 2.550% 03/01/2021 DD 03/01/16		550,000		554,254
JPMORGAN CHASE & CO VAR RT 04/01/2023 DD 03/22/19		1,250,000		1,279,809
JYSKE REALKREDIT A/S 1.000% 10/01/2050		3,199,909		468,186
JYSKE REALKREDIT A/S 1.500% 10/01/2037		869,858		135,046
JYSKE REALKREDIT A/S 1.500% 10/01/2050		635,388		97,618
JYSKE REALKREDIT A/S 2.500% 10/01/2047		14,641		2,283
JYSKE REALKREDIT A/S REGS 1.000% 10/01/2050		3,100,000		457,759
KEYBANK NA/CLEVELAND OH 2.400% 06/09/2022 DD 06/09/17		450,000		454,717
KINDER MORGAN ENERGY PARTNERS 6.850% 02/15/2020 DD 05/14/09		125,000		125,631
KLA CORP 4.125% 11/01/2021 DD 11/06/14		200,000		206,836
KOMATSU FINANCE AMERICA I REGS 2.118% 09/11/2020		600,000		598,742
KOMATSU FINANCE AMERICA I REGS 2.437% 09/11/2022		200,000		200,646
KOMMUNALBANKEN AS 144A 2.000% 06/19/2024 DD 06/19/19		300,000		302,394
KREDITANSTALT FUER WIEDERAUFBA 1.875% 12/15/2020 DD 11/15/17		3,270,000		3,275,119
KSA SUKUK LTD 144A 2.894% 04/20/2022 DD 04/20/17		200,000		203,199
KSA SUKUK LTD 144A 4.303% 01/19/2029 DD 09/19/18		1,000,000		1,108,926
KUWAIT INTERNATIONAL GOVE 144A 3.500% 03/20/2027 DD 03/20/17		600,000		644,784
LG&E & KU ENERGY LLC 4.375% 10/01/2021 DD 04/01/12		100,000		103,322
LITHUANIA GOVERNMENT BOND 1.100% 04/26/2027		100,000		118,595
LITHUANIA GOVERNMENT INTE REGS 6.125% 03/09/2021 DD 03/09/11		200,000		209,673

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
LLOYDS BANK CORPORATE MARKETS VAR RT 09/24/2020 DD 09/24/18		500,000		501,076
LLOYDS BANK PLC 2.250% 08/14/2022 DD 08/14/19		300,000		301,488
LLOYDS BANK PLC 3.300% 05/07/2021 DD 05/08/18		350,000		355,709
LLOYDS BANK PLC VAR RT 05/07/2021 DD 05/08/18		350,000		351,139
LLOYDS BANKING GROUP PLC 3.900% 03/12/2024 DD 03/12/19		200,000		211,205
LLOYDS BANKING GROUP PLC 4.582% 12/10/2025 DD 06/10/16		200,000		216,621
LLOYDS BANKING GROUP PLC REGS 2.250% 10/16/2024		200,000		272,572
LONG BEACH MORTGAGE LOAN 1 M4 VAR RT 02/25/2035 DD 01/06/05		200,000		200,665
LUDGATE FUNDING PL W1X A1 REGS VAR RT 01/01/2061		228,075		292,989
LUDGATE FUNDING PLC 1 A2B REGS VAR RT 01/01/2061		234,325		249,509
MACQUARIE BANK LTD 144A 2.850% 07/29/2020 DD 07/29/15		250,000		251,274
MADISON PARK FUND 16A A1R 144A VAR RT 04/20/2026 DD 12/22/16		442,684		442,873
MADISON PARK FUNDI 12A AR 144A VAR RT 07/20/2026 DD 01/20/17		216,788		216,965
MAN GLG EURO CLO I 2A A1R 144A VAR RT 01/15/2030		250,000		280,544
MANUFACTURERS & TRADERS TRUST 2.050% 08/17/2020 DD 08/17/17		450,000		450,162
MARATHON PETROLEUM CORP 3.400% 12/15/2020 DD 12/14/15		348,000		351,962
MARSH & MCLENNAN COS INC 3.500% 12/29/2020 DD 01/15/19		525,000		532,708
MASCO CORP 5.950% 03/15/2022 DD 03/12/12		200,000		214,848
MASSACHUSETTS EDUCATIONAL 1 A1 VAR RT 04/25/2038 DD 07/02/08		286,201		285,007
MCDONALD’S CORP VAR RT 10/28/2021 DD 05/22/18		100,000		100,319
MEAD JOHNSON NUTRITION CO 3.000% 11/15/2020 DD 11/03/15		75,000		75,667
MERCEDES-BENZ MASTER BA A 144A VAR RT 05/16/2022 DD 05/30/17		950,000		950,964
MERRILL LYNCH MORTGAGE I A10 A VAR RT 02/25/2036 DD 12/22/05		13,428		13,097
MERRILL LYNCH MORTGAGE I A2 A2 VAR RT 02/25/2035 DD 02/01/05		21,710		21,941
MERRILL LYNCH MORTGAGE IN E A1 VAR RT 11/25/2029 DD 09/23/04		98,732		97,769
METROPOLITAN LIFE GLOBAL 144A 3.375% 01/11/2022 DD 01/11/19		350,000		359,848
MEXICO CETES 0.000% 01/09/2020		3,600,000		190,292
MEXICO CETES 0.000% 01/30/2020		4,170,000		219,501
MICROCHIP TECHNOLOGY INC 3.922% 06/01/2021 DD 05/29/18		200,000		204,536
MITSUBISHI UFJ FINANCIAL GROUP 2.623% 07/18/2022 DD 07/18/19		350,000		354,785
MITSUBISHI UFJ FINANCIAL GROUP 3.218% 03/07/2022 DD 03/07/19		1,025,000		1,050,272
MITSUBISHI UFJ FINANCIAL GROUP 3.455% 03/02/2023 DD 03/02/18		200,000		206,995
MONDELEZ INTERNATIONAL HO 144A 2.125% 09/19/2022 DD 09/19/19		250,000		250,054
MORGAN STANLEY 2.500% 04/21/2021 DD 04/21/16		850,000		856,445
MORGAN STANLEY 3.125% 01/23/2023 DD 01/23/18		1,700,000		1,747,746
MORGAN STANLEY BANK OF A C8 XA VAR RT 12/15/2048 DD 02/01/13		1,333,440		31,518
MORGAN STANLEY MORTGA 11AR 1A1 VAR RT 01/25/2035 DD 12/29/04		124,201		120,527
MORGAN STANLEY MORTGA 6XS 2A6S VAR RT 02/25/2047 DD 03/01/07		120,930		75,120
MPLX LP 144A 3.500% 12/01/2022 DD 06/01/19		425,000		437,582
MUFG UNION BANK NA 2.100% 12/09/2022 DD 12/09/19		325,000		325,913
MUFG UNION BANK NA 3.150% 04/01/2022 DD 03/07/19		450,000		460,562
MYLAN NV 3.150% 06/15/2021 DD 12/15/16		200,000		202,629
NATIONWIDE BUILDING SOCIE 144A VAR RT 03/08/2024 DD 03/08/18		200,000		207,067
NATIONWIDE BUILDING SOCIE 144A VAR RT 04/26/2023 DD 04/26/19		425,000		437,184
NATWEST MARKETS PLC 144A 3.625% 09/29/2022 DD 03/29/19		650,000		673,404
NAVIENT STUDENT LOA 4A A2 144A VAR RT 09/27/2066 DD 07/27/17		400,000		399,186
NAVIENT STUDENT LOAN 7A A 144A VAR RT 03/25/2066 DD 11/03/16		219,574		218,912
NCUA GUARANTEED NOTES TR R1 1A VAR RT 10/07/2020 DD 10/27/10		200,300		200,670
NCUA GUARANTEED NOTES TR R2 2A VAR RT 11/05/2020 DD 11/17/10		604,171		604,263
NELNET STUDENT LOAN 3A A 144A VAR RT 06/25/2041 DD 04/30/14		981,640		958,528
NESTLE HOLDINGS INC 144A 3.100% 09/24/2021 DD 09/24/18		950,000		971,307
NEWFIELD EXPLORATION CO 5.750% 01/30/2022 DD 09/30/11		625,000		664,417

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
NEWGATE FUNDING PL 3X A3A REGS VAR RT 12/01/2050		256,081		322,203
NEXTERA ENERGY CAPITAL HOLDING 3.342% 09/01/2020 DD 08/09/18		250,000		252,188
NEXTERA ENERGY CAPITAL HOLDING 4.500% 06/01/2021 DD 06/10/11		300,000		308,521
NHA MBS MERRILL LYNCH CDA INC VAR RT 01-JUL-2020 #98001247		138,740		107,103
NISOURCE INC 2.650% 11/17/2022 DD 11/17/17		300,000		303,681
NISSAN MASTER OWNER TRUST C A VAR RT 10/17/2022 DD 11/13/17		900,000		900,613
NISSAN MOTOR ACCEPTANCE C 144A 2.150% 09/28/2020 DD 09/28/17		300,000		299,410
NOMURA ASSET ACCEPTANC AR1 5A1 VAR RT 08/25/2034 DD 07/28/04		6,408		6,415
NORDEA KREDIT REALKREDITA REGS 2.000% 10/01/2050		540,446		83,214
NORDEA KREDIT REALKREDITAKTIES 1.000% 10/01/2050		4,900,000		717,482
NORDEA KREDIT REALKREDITAKTIES 1.500% 10/01/2050		1,197,831		182,859
NORDEA KREDIT REALKREDITAKTIES 2.000% 10/01/2047		3,469,426		542,016
NORDEA KREDIT REALKREDITAKTIES 2.500% 10/01/2037		33,706		5,302
NORDEA KREDIT REALKREDITAKTIES 2.500% 10/01/2047 DD 07/01/14		356		56
NORDIC INVESTMENT BANK 1.625% 11/20/2020 DD 09/20/17		2,470,000		2,466,114
NORTHERN STATES POWER CO/MN 2.200% 08/15/2020 DD 08/11/15		200,000		200,222
NRG ENERGY INC 144A 3.750% 06/15/2024 DD 05/28/19		400,000		413,620
NTT FINANCE CORP REGS 1.900% 07/21/2021		1,000,000		997,134
NV ENERGY INC 6.250% 11/15/2020 DD 11/22/10		225,000		232,909
NXP BV / NXP FUNDING LLC 144A 3.875% 09/01/2022 DD 08/11/16		350,000		363,142
NXP BV / NXP FUNDING LLC 144A 4.125% 06/01/2021 DD 05/23/16		200,000		205,058
NXP BV / NXP FUNDING LLC 144A 4.625% 06/15/2022 DD 06/09/15		200,000		210,806
NYKREDIT REALKREDIT A/S 1.500% 10/01/2037		300,206		46,359
NYKREDIT REALKREDIT A/S 2.500% 10/01/2036		39,681		6,269
NYKREDIT REALKREDIT A/S REGS 1.000% 10/01/2050		9,899,840		1,448,095
NYKREDIT REALKREDIT A/S REGS 1.500% 10/01/2050		9,336,500		1,420,560
NYKREDIT REALKREDIT A/S REGS 2.500% 10/01/2047		66,776		10,166
OCCIDENTAL PETROLEUM CORP 2.600% 08/13/2021 DD 08/08/19		575,000		579,255
OCCIDENTAL PETROLEUM CORP 2.700% 08/15/2022 DD 08/08/19		375,000		378,898
OESTERREICHISCHE KONTROLLBANK 2.875% 09/07/2021 DD 09/07/18		1,060,000		1,080,554
OPTION ONE MORTGAGE LOAN 2 M1 VAR RT 05/25/2035 DD 05/05/05		115,922		116,043
PARAGON MORTGAGES 12A A2C 144A VAR RT 11/15/2038 DD 07/20/06		112,566		106,420
PARAGON MORTGAGES N 9X AA REGS VAR RT 05/15/2041		278,273		362,228
PARK AEROSPACE HOLDINGS L 144A 3.625% 03/15/2021 DD 09/25/17		100,000		101,356
PARK AEROSPACE HOLDINGS L 144A 5.250% 08/15/2022 DD 02/03/17		200,000		213,080
PAYPAL HOLDINGS INC 2.200% 09/26/2022 DD 09/26/19		625,000		628,554
PENNSYLVANIA HIGHER EDUCA 1 A3 VAR RT 10/25/2035 DD 08/10/06		676,814		657,519
PERMANENT MASTER I 1A 1A1 144A VAR RT 07/15/2058 DD 06/28/18		750,000		749,735
PERNOD RICARD SA 144A 5.750% 04/07/2021 DD 04/07/11		400,000		418,706
PERUVIAN GOVERNMENT INTER 144A 5.940% 02/12/2029		300,000		102,211
PERUVIAN GOVERNMENT INTER 144A 6.350% 08/12/2028 DD 10/07/16		700,000		245,090
PERUVIAN GOVERNMENT INTER 144A 6.950% 08/12/2031		600,000		218,260
PERUVIAN GOVERNMENT INTER REGS 5.940% 02/12/2029		300,000		102,211
PETROBRAS GLOBAL FINANCE 144A 5.093% 01/15/2030 DD 09/18/19		452,000		484,323
PINNACLE WEST CAPITAL CORP 2.250% 11/30/2020 DD 11/30/17		175,000		175,259
PLAINS ALL AMERICAN PIPELINE L 3.650% 06/01/2022 DD 03/22/12		475,000		487,351
PROV OF BRITISH COLUMBIA 2.700% 18-DEC-2022		100,000		78,934
PROV OF QUEBEC 3.000% 01-SEP-2023 MTN		100,000		79,958
QATAR GOVERNMENT INTERNAT REGS 3.875% 04/23/2023		800,000		844,530
QATAR GOVERNMENT INTERNAT REGS 4.500% 04/23/2028 DD 04/23/18		300,000		343,506
QUEENSLAND TREASURY CORP 144A 4.250% 07/21/2023		100,000		77,667
RAC BOND CO PLC REGS 4.565% 05/06/2046		100,000		134,261

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
REALKREDIT DANMARK A/S REGS 2.500% 04/01/2036		54,143		8,529
REALKREDIT DANMARK A/S REGS 2.500% 07/01/2047		57,508		9,065
REALKREDIT DANMARK A/S REGS 3.000% 07/01/2046		18,952		3,016
RECKITT BENCKISER TREASUR 144A VAR RT 006/24/2022 DD 06/26/17		200,000		200,450
RELIANCE STANDARD LIFE GL 144A 2.625% 07/22/2022 DD 07/22/19		550,000		557,703
REPUBLIC OF ITALY GOVERNM REGS 6.000% 08/04/2028		100,000		165,266
RESIDENTIAL MORTGAGE 30 A REGS VAR RT 03/20/2050		268,601		355,707
RESIDENTIAL MORTGAGE 31 A REGS VAR RT 09/20/2065		169,789		226,069
RIPON MORTGAGES PLC 1X A1 REGS VAR RT 08/20/2056		145,935		193,594
RIVERSIDE CA ELEC REVENUE 7.455% 10/01/2030 DD 12/16/10		200,000		271,406
RMAC SECURITIES NS3X A2A REGS VAR RT 06/12/2044		159,867		200,479
ROCKWELL COLLINS INC 2.800% 03/15/2022 DD 04/10/17		200,000		203,521
ROPER TECHNOLOGIES INC 2.800% 12/15/2021 DD 12/19/16		200,000		202,980
ROPER TECHNOLOGIES INC 3.000% 12/15/2020 DD 12/07/15		50,000		50,425
ROYAL BANK OF SCOTLAND GROUP P VAR RT 03/22/2025 DD 03/22/19		200,000		212,491
ROYAL BANK OF SCOTLAND GROUP P VAR RT 05/15/2023 DD 05/15/17		400,000		407,095
ROYAL BANK OF SCOTLAND GROUP P VAR RT 06/25/2024 DD 06/25/18		300,000		304,548
ROYAL BANK OF SCOTLAND GROUP P VAR RT 12/31/2049 DD 08/10/15		200,000		204,376
ROYAL BANK OF SCOTLAND GROUP P VAR RT 12/31/2049 DD 08/15/16		200,000		214,500
RYDER SYSTEM INC 2.875% 09/01/2020 DD 08/24/15		300,000		301,353
SABINE PASS LIQUEFACTION LLC VAR RT 02/01/2021 DD 02/01/14		625,000		642,433
SANDS CHINA LTD 4.600% 08/08/2023 DD 08/09/18		200,000		211,072
SANTANDER UK GROUP HOLDIN 144A 4.750% 09/15/2025 DD 09/15/15		200,000		214,649
SANTANDER UK GROUP HOLDIN REGS VAR RT 05/08/2026		100,000		138,180
SANTANDER UK GROUP HOLDINGS PL 2.875% 10/16/2020 DD 10/16/15		99,000		99,438
SANTANDER UK GROUP HOLDINGS PL 3.125% 01/08/2021 DD 01/08/16		126,000		127,077
SANTANDER UK GROUP HOLDINGS PL VAR RT 11/15/2024 DD 11/15/18		200,000		215,988
SANTANDER UK PLC 2.500% 01/05/2021 DD 01/05/18		300,000		301,821
SAUDI ARABIAN OIL CO 144A 2.750% 04/16/2022 DD 04/16/19		200,000		202,258
SBA GTD PARTN CTFS 2008-20G 1 5.870% 07/01/2028 DD 07/16/08		45,108		48,591
SBA GTD PARTN CTFS 2008-20I 1 5.600% 09/01/2028 DD 09/17/08		74,090		79,833
SCHLUMBERGER FINANCE CANA 144A 2.200% 11/20/2020 DD 11/20/17		275,000		275,411
SCHOLAR FUNDING TRUST A A 144A VAR RT 10/28/2041 DD 09/22/10		122,968		120,937
SEMPRA ENERGY 2.400% 02/01/2020 DD 01/12/18		475,000		475,032
SEMPRA ENERGY VAR RT 01/15/2021 DD 01/12/18		300,000		300,050
SKY LTD 144A 3.125% 11/26/2022 DD 11/26/12		300,000		308,352
SLM STUDENT LOAN TR 8A A5 144A VAR RT 04/25/2024 DD 08/25/04		9,594		9,593
SLM STUDENT LOAN TRUST 20 8 A4 VAR RT 01/25/2028 DD 09/20/05		150,811		150,908
SLM STUDENT LOAN TRUST 200 9 A VAR RT 04/25/2023 DD 08/28/08		51,052		51,192
SLOVENIA GOVERNMENT INTER REGS 5.250% 02/18/2024		694,000		783,280
SLOVENIA GOVERNMENT INTER REGS 5.850% 05/10/2023		200,000		225,100
SMITHFIELD FOODS INC 144A 2.650% 10/03/2021 DD 10/03/17		225,000		223,700
SOUTHERN CO/THE 2.350% 07/01/2021 DD 05/24/16		400,000		402,023
SOUTHERN CO/THE 2.750% 06/15/2020 DD 06/12/15		400,000		400,953
SOUTHERN POWER CO 144A VAR RT 12/20/2020 DD 11/20/17		100,000		100,024
SPAIN GOVERNMENT BOND 144A 0.250% 07/30/2024		400,000		455,696
SPAIN GOVERNMENT BOND 144A 0.600% 10/31/2029		1,200,000		1,364,392
SPAIN GOVERNMENT BOND 144A 1.400% 07/30/2028		1,000,000		1,221,343
SPAIN GOVERNMENT BOND 144A 1.450% 04/30/2029		900,000		1,103,799
SPAIN GOVERNMENT BOND 144A 2.150% 10/31/2025		1,300,000		1,637,115
SPAIN GOVERNMENT BOND 144A 2.700% 10/31/2048		100,000		148,950
SPAIN GOVERNMENT BOND 144A 2.900% 10/31/2046		100,000		153,434

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
SPIRIT AEROSYSTEMS INC VAR RT 06/15/2021 DD 05/30/18		200,000		199,509
SPRINT CORP 7.250% 09/15/2021 DD 09/15/14		200,000		211,500
STADSHYPOTEK AB 144A 2.500% 04/05/2022 DD 04/05/17		400,000		405,261
STANDARD CHARTERED PLC 144A VAR RT 01/20/2023 DD 10/04/18		325,000		336,314
SUMITOMO MITSUI FINANCIAL GROU 2.846% 01/11/2022 DD 01/12/17		600,000		609,376
SUNOCO LOGISTICS PARTNERS OPER 4.400% 04/01/2021 DD 11/17/15		599,000		613,452
SVERIGES SAKERSTALLDA OBL REGS 2.000% 06/17/2026		1,000,000		115,308
SYNGENTA FINANCE NV 144A 3.698% 04/24/2020 DD 04/24/18		580,000		581,825
SYNGENTA FINANCE NV 144A 3.933% 04/23/2021 DD 04/24/18		475,000		483,099
TERWIN MORTGAGE TRUST S 6HE A1 VAR RT 11/25/2033 DD 11/25/03		5,461		5,220
TESCO PROPERTY FINANCE 6 REGS 5.411% 07/13/2044		190,867		320,397
TEVA PHARMACEUTICAL FINANCE CO 3.650% 11/10/2021 DD 11/10/11		100,000		97,875
THL CREDIT WIND RI 1A AR2 144A VAR RT 01/15/2026 DD 07/15/19		215,333		215,437
TIME WARNER ENTERTAINMENT CO L 8.375% 03/15/2023 DD 09/15/93		375,000		442,639
TOKYO METROPOLITAN GOVERN 144A 2.000% 05/17/2021 DD 05/17/16		200,000		199,774
TOKYO METROPOLITAN GOVERN 144A 2.500% 06/08/2022 DD 06/08/17		500,000		505,180
TORONTO-DOMINION BANK/THE 144A 2.100% 07/15/2022 DD 07/15/19		300,000		301,751
TOWD POINT MORTGA GR4A A1 144A VAR RT 10/20/2051		266,678		354,511
TOWD POINT MORTGA HY3 A1A 144A VAR RT 10/25/2059 DD 10/30/19		190,437		191,146
TOWD POINT MORTGAG HY2 A1 144A VAR RT 05/25/2058 DD 04/30/19		154,250		154,763
TOWD POINT MORTGAGE 4 A1 144A VAR RT 10/25/2059 DD 10/01/19		975,445		982,534
TOYOTA AUTO LOAN EXT 1A A 144A 2.560% 11/25/2031 DD 06/19/19		300,000		304,613
TOYOTA TSUSHO CORP REGS 3.625% 09/13/2023		600,000		625,810
TRANSCANADA PIPELINES LTD 3.800% 10/01/2020 DD 09/23/10		300,000		303,913
TRILLIUM CREDIT CARD 2A A 144A 3.038% 01/26/2024 DD 02/07/19		1,100,000		1,111,181
TRUIST BANK VAR RT 10/26/2021 DD 10/26/18		325,000		328,827
TYSON FOODS INC 2.250% 08/23/2021 DD 08/23/17		200,000		200,691
UBS AG REGS VAR RT 02/12/2026		200,000		235,438
UBS GROUP AG 144A 2.650% 02/01/2022 DD 08/10/16		875,000		883,998
UNION PACIFIC CORP 3.200% 06/08/2021 DD 06/08/18		375,000		382,189
UNITED KINGDOM GILT REGS 4.250% 12/07/2040		400,000		816,894
UNITED KINGDOM GILT REGS 4.750% 12/07/2038		100,000		211,559
UNITED TECHNOLOGIES CORP 1.950% 11/01/2021 DD 11/01/16		300,000		300,654
US TREAS-CPI INFLAT 0.125% 04/15/2022 DD 04/15/17		1,058,260		1,056,698
US TREAS-CPI INFLAT 0.125% 07/15/2022 DD 07/15/12		2,607,247		2,618,135
US TREAS-CPI INFLAT 0.125% 07/15/2026 DD 07/15/16		107,353		107,692
US TREAS-CPI INFLAT 0.250% 01/15/2025 DD 01/15/15		619,271		624,772
US TREAS-CPI INFLAT 0.250% 07/15/2029 DD 07/15/19		777,630		785,176
US TREAS-CPI INFLAT 0.375% 07/15/2025 DD 07/15/15		379,789		387,525
US TREAS-CPI INFLAT 0.375% 07/15/2027 DD 07/15/17		126,234		128,763
US TREAS-CPI INFLAT 0.500% 01/15/2028 DD 01/15/18		1,147,531		1,177,184
US TREAS-CPI INFLAT 0.625% 01/15/2026 DD 01/15/16		335,721		346,008
US TREAS-CPI INFLAT 0.625% 07/15/2021 DD 07/15/11		411,023		415,632
US TREAS-CPI INFLAT 0.750% 02/15/2045 DD 02/15/15		152,988		158,650
US TREAS-CPI INFLAT 0.875% 02/15/2047 DD 02/15/17		21,320		22,845
US TREAS-CPI INFLAT 1.000% 02/15/2048 DD 02/15/18		1,461,138		1,616,706
US TREAS-CPI INFLAT 1.250% 07/15/2020 DD 07/15/10		153,392		154,858
US TREAS-CPI INFLAT 1.375% 02/15/2044 DD 02/15/14		253,950		299,466
US TREAS-CPI INFLAT 2.375% 01/15/2027 DD 01/15/07		127,602		147,284
US TREAS-CPI INFLAT 2.500% 01/15/2029 DD 01/15/09		575,299		693,326
US TREAS-CPI INFLAT 3.375% 04/15/2032 DD 10/15/01		14,497		19,902
US TREAS-CPI INFLAT 3.875% 04/15/2029 DD 04/15/99		469,593		626,564

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
US TREASURY BOND 2.750% 11/15/2042 DD 11/15/12		3,100,000		3,315,305
US TREASURY BOND 2.875% 08/15/2045 DD 08/15/15		1,100,000		1,205,273
US TREASURY BOND 3.125% 02/15/2043 DD 02/15/13		100,000		113,645
US TREASURY BOND 3.625% 08/15/2043 DD 08/15/13		200,000		245,766
US TREASURY BOND 5.250% 02/15/2029 DD 02/15/99		200,000		255,914
US TREASURY NOTE 1.125% 09/30/2021 DD 09/30/16		1,500,000		1,487,930
US TREASURY NOTE 1.625% 08/15/2029 DD 08/15/19		600,000		584,977
US TREASURY NOTE 1.750% 05/31/2022 DD 05/31/17		910,000		913,555
US TREASURY NOTE 1.750% 09/30/2022 DD 09/30/15		3,190,000		3,202,835
US TREASURY NOTE 1.750% 11/15/2029 DD 11/15/19		600,000		591,422
US TREASURY NOTE 1.875% 01/31/2022 DD 01/31/17		3,390,000		3,409,863
US TREASURY NOTE 1.875% 02/28/2022 DD 02/28/17		3,160,000		3,179,380
US TREASURY NOTE 1.875% 04/30/2022 DD 04/30/17		1,400,000		1,409,078
US TREASURY NOTE 2.250% 04/15/2022 DD 04/15/19		8,200,000		8,320,438
US TREASURY NOTE 2.250% 11/15/2027 DD 11/15/17		150,000		154,266
US TREASURY NOTE 2.375% 03/15/2021 DD 03/15/18		770,000		776,707
US TREASURY NOTE 2.625% 06/15/2021 DD 06/15/18		200,000		202,906
US TREASURY NOTE 2.625% 07/15/2021 DD 07/15/18		1,900,000		1,929,539
US TREASURY NOTE 2.625% 12/31/2025 DD 12/31/18		4,140,000		4,341,987
US TREASURY NOTE 2.750% 06/30/2025 DD 06/30/18		2,230,000		2,348,991
US TREASURY NOTE 2.875% 04/30/2025 DD 04/30/18		1,800,000		1,906,102
US TREASURY NOTE 2.875% 05/31/2025 DD 05/31/18		270,000		286,000
US TREASURY NOTE 2.875% 08/15/2028 DD 08/15/18		640,000		690,250
US TREASURY NOTE 2.875% 10/15/2021 DD 10/15/18		9,830,000		10,050,407
UTAH ST BRD OF RGTS REVENUE VAR RT 01/25/2057 DD 02/09/17		282,310		280,243
VERIZON COMMUNICATIONS INC 2.946% 03/15/2022 DD 02/03/17		850,000		869,457
VIRGIN MEDIA SECURED FINA 144A 5.000% 04/15/2027		100,000		140,092
VISTRA OPERATIONS CO LLC 144A 3.550% 07/15/2024 DD 06/11/19		225,000		227,929
VMWARE INC 2.300% 08/21/2020 DD 08/21/17		100,000		100,141
VOLKSWAGEN GROUP OF AMERI 144A 3.875% 11/13/2020 DD 11/13/18		200,000		203,266
VOLKSWAGEN GROUP OF AMERI 144A 4.000% 11/12/2021 DD 11/13/18		300,000		310,285
VOLKSWAGEN GROUP OF AMERI 144A VAR RT 11/12/2021 DD 11/13/18		300,000		302,613
WACHOVIA MORTGAGE LOAN T B 2A4 VAR RT 10/20/2035 DD 11/01/05		61,424		60,867
WAMU MORTGAGE PASS-T AR15 A1A2 VAR RT 11/25/2045 DD 11/22/05		114,331		109,992
WAMU MORTGAGE PASS-TH AR13 A1A VAR RT 11/25/2034 DD 11/23/04		177,387		178,256
WEC ENERGY GROUP INC 3.100% 03/08/2022 DD 03/08/19		175,000		178,748
WELLS FARGO & CO 2.100% 07/26/2021 DD 07/25/16		875,000		876,285
WELLS FARGO & CO 2.625% 07/22/2022 DD 07/24/17		1,125,000		1,141,808
WELLS FARGO & CO 4.600% 04/01/2021 DD 03/29/11		600,000		619,472
WELLS FARGO & CO VAR RT 01/24/2023 DD 01/24/17		100,000		101,305
WELLS FARGO BANK NA 2.600% 01/15/2021 DD 01/23/18		675,000		679,733
WELLS FARGO COMMERCIAL C35 A1 1.392% 07/15/2048 DD 07/01/16		346,488		345,081
WESTPAC BANKING CORP VAR RT 03/06/2020 DD 03/06/17		800,000		800,455
ZIMMER BIOMET HOLDINGS INC 3.150% 04/01/2022 DD 03/19/15		200,000		204,202
ZIMMER BIOMET HOLDINGS INC VAR RT 03/19/2021 DD 03/19/18		200,000		200,020
Total Fixed Income Securities			$	303,391,390
Common Stock
3SBIO INC HK/01530		217,128	$	281,449
58.COM INC ADR		25,540		1,653,204
7-ELEVEN MALAYSIA HOLDINGS BHD		226,229		79,088
89BIO INC		2,300		60,467

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
ABBOTT LABORATORIES		103,795		9,015,634
ABCAM PLC		24,043		430,625
ABEONA THERAPEUTICS INC		31,261		102,223
ABU DHABI NATIONAL OIL CO FOR		326,797		263,349
ADIDAS AG		12,854		4,181,413
ADOBE INC		1,568		517,142
ADVANCED DRAINAGE SYSTEMS INC		47,503		1,845,017
ADVANCED MICRO DEVICES INC		118,728		5,444,866
ADVERUM BIOTECHNOLOGIES INC		11,089		127,745
ADYEN NV		682		559,613
AERCAP HOLDINGS NV		9,815		603,328
AERIE PHARMACEUTICALS INC		16,997		410,817
AEROJET ROCKETDYNE HOLDINGS IN		25,764		1,176,384
AFFIMED NV		55,451		151,936
AFLAC INC		65,775		3,479,498
AGCO CORP		76,388		5,900,973
AGEAS		7,881		466,030
AGILENT TECHNOLOGIES INC		23,428		1,998,643
AGIOS PHARMACEUTICALS INC		2,106		100,562
AGNICO EAGLE MINES LIMITED		12,354		761,961
AIA GROUP LTD HK/01299		984,747		10,338,087
AIMMUNE THERAPEUTICS INC		10,034		335,838
AIR LIQUIDE SA		11,075		1,568,879
AIR PRODUCTS & CHEMICALS INC		943		221,596
AIRBUS SE		18,405		2,695,666
ALASKA AIR GROUP INC		84,750		5,741,813
ALBANY INTERNATIONAL CORP		9,052		687,228
ALEXION PHARMACEUTICALS INC		23,299		2,519,787
ALFA LAVAL AB		105,744		2,664,766
ALIBABA GROUP HOLDING LTD ADR		89,844		19,055,912
ALIMENTATION COUCHE-TARD INC		54,500		1,731,980
ALLEGHANY CORP		9,875		7,895,754
ALLEGHENY TECHNOLOGIES INC		32,284		666,987
ALLETE INC		36,493		2,962,137
ALLIANT ENERGY CORP		87,100		4,766,112
ALLIANZ SE		24,310		5,959,694
ALLSCRIPTS HEALTHCARE SOLUTION		132,218		1,297,720
ALLSTATE CORP/THE		42,050		4,728,523
ALNYLAM PHARMACEUTICALS INC		22,873		2,634,283
ALPHABET INC-CL A		13,629		18,254,546
ALPHABET INC-CL C		13,895		18,577,893
ALROSA PJSC		109,423		148,841
ALTRA INDUSTRIAL MOTION CORP		44,400		1,607,724
ALTUS MIDSTREAM CO		18,580		53,139
AMADEUS IT GROUP SA		27,791		2,271,025
AMAZON.COM INC		12,670		23,412,133
AMBEV SA ADR		512,331		2,387,462
AMEDISYS INC		9,843		1,642,994
AMERESCO INC		12,363		216,353
AMERICA MOVIL SAB DE CV ADR		23,711		379,376
AMERICAN EAGLE OUTFITTERS INC		23,874		350,948
AMERICAN FINANCIAL GROUP INC/O		54,825		6,011,561

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
AMERICAN INTERNATIONAL GROUP I		109,349		5,612,884
AMERICAN VANGUARD CORP		43,756		851,929
AMERICAN WOODMARK CORP		12,054		1,259,764
AMERIS BANCORP		53,327		2,268,531
AMERISOURCEBERGEN CORP		60,550		5,147,961
AMGEN INC		106		25,553
AMICUS THERAPEUTICS INC		52,569		512,022
AMOREPACIFIC CORP		2,323		401,747
AMOREPACIFIC GROUP		2,454		175,490
ANADOLU EFES BIRACILIK VE MALT		133,502		517,766
ANGLO AMERICAN PLC		38,276		1,101,844
ANTHEM INC		8,927		2,696,222
AP MOLLER—MAERSK A/S		1,081		1,560,199
APELLIS PHARMACEUTICALS INC		14,817		453,697
APPLE INC		23,306		6,843,807
APPLIED MATERIALS INC		93,236		5,691,125
APTARGROUP INC		30,150		3,485,943
APTIV PLC		42,861		4,070,509
ARCHER-DANIELS-MIDLAND CO		242,084		11,220,593
ARDAGH GROUP SA		11,400		223,212
ARENA PHARMACEUTICALS INC		9,542		433,398
ARES MANAGEMENT CORP		35,839		1,279,094
ARGAN INC		3,613		145,026
ARGENX SE ADR		12,679		2,035,233
ARGO GROUP INTERNATIONAL HOLDI		9,217		606,018
ARISTA NETWORKS INC		27,444		5,582,110
ARKEMA SA		6,555		696,801
ARTHUR J GALLAGHER & CO		28,500		2,714,055
ASCENDIS PHARMA A/S ADR		23,767		3,306,465
ASML HOLDING NV		11,824		3,499,942
ASSA ABLOY AB		35,284		825,463
ASSEMBLY BIOSCIENCES INC		7,799		159,568
ASTELLAS PHARMA INC		33,400		574,723
ASTRAZENECA PLC		55,280		5,570,772
ATARA BIOTHERAPEUTICS INC		51,160		842,605
ATLANTIC UNION BANKSHARES CORP		46,707		1,753,848
ATLAS COPCO AB		115,124		4,594,605
ATLASSIAN CORP PLC		54,773		6,591,383
ATRECA INC		6,800		105,196
ATRICURE INC		19,589		636,838
ATTIJARIWAFA BANK		7,321		382,132
AUB GROUP LTD		38,338		323,127
AUDENTES THERAPEUTICS INC		6,241		373,461
AUTODESK INC		29,129		5,344,006
AUTOMATIC DATA PROCESSING INC		2,169		369,815
AUTONATION INC		78,000		3,793,140
AVANOS MEDICAL INC		24,160		814,192
AVANTOR INC		37,357		678,030
AVERY DENNISON CORP		43,350		5,671,047
AXA SA		63,887		1,800,717
AXALTA COATING SYSTEMS LTD		56,154		1,707,082
AXCELIS TECHNOLOGIES INC		46,885		1,129,694

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
AXIS BANK LTD		119,311		1,260,504
B&G FOODS INC		51,200		918,016
BAE SYSTEMS PLC		129,201		966,706
BAIDU INC ADR		23,102		2,920,093
BALL CORP		121,302		7,844,600
BANC OF CALIFORNIA INC		76,975		1,322,431
BANCA GENERALI SPA		6,095		198,134
BANCA TRANSILVANIA SA		857,437		521,840
BANCO BILBAO VIZCAYA ARGENTARI		712,330		3,984,359
BANCO BTG PACTUAL SA		20,343		384,993
BANCOLOMBIA SA		13,990		187,585
BANCOLOMBIA SA ADR		7,921		433,992
BANCORPSOUTH BANK		35,840		1,125,734
BANDWIDTH INC		11,451		733,437
BANGKOK DUSIT MEDICAL SERVICES		1,541,400		1,337,943
BANK CENTRAL ASIA TBK PT		256,300		617,094
BANK HAPOALIM BM		50,975		422,824
BANK OF NOVA SCOTIA		23,087		1,305,904
BANKINTER SA		106,906		783,853
BARNES GROUP INC		14,303		886,214
BB SEGURIDADE PARTICIPACOES SA		81,300		761,929
BEAZLEY PLC		54,839		403,923
BECTON DICKINSON AND CO		13,570		3,690,633
BENEFITFOCUS INC		14,415		316,265
BERKSHIRE HATHAWAY INC		27,609		6,253,439
BERRY CORP		16,539		155,963
BEYOND MEAT INC		4,258		321,905
BHP GROUP PLC		68,607		1,614,882
BID CORP LTD		34,517		815,093
BLACK HILLS CORP		33,484		2,629,833
BLACKBAUD INC		20,862		1,660,615
BLUCORA INC		53,547		1,399,719
BLUEPRINT MEDICINES CORP		6,343		508,138
BNP PARIBAS SA		8,979		532,470
BOEING CO/THE		18,080		5,889,741
BOISE CASCADE CO		19,891		726,618
BOOKING HOLDINGS INC		3,541		7,272,258
BORGWARNER INC		244,351		10,599,946
BOSTON SCIENTIFIC CORP		113,328		5,124,692
BP PLC		231,970		1,449,237
BRAMBLES LTD		25,097		206,763
BRAVURA SOLUTIONS LTD		130,089		475,520
BRENNTAG AG		23,811		1,295,766
BRIGHAM MINERALS INC		21,984		471,337
BRITISH AMERICAN TOBACCO PLC ADR		25,182		1,069,228
BROADCOM INC		193		60,992
BROADRIDGE FINANCIAL SOLUTIONS		15,046		1,858,783
BROOKLINE BANCORP INC		68,397		1,125,815
BT GROUP PLC		547,919		1,396,837
BURLINGTON STORES INC		10,614		2,420,310
BUZZI UNICEM SPA		18,516		466,606
CACTUS INC		5,008		171,875

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
CAESARSTONE LTD		37,467		564,628
CAIXABANK SA		225,554		708,410
CAMBIUM NETWORKS CORP		29,132		254,614
CANADA GOOSE HOLDINGS INC		32,974		1,194,978
CANADIAN NATIONAL RAILWAY CO		30,563		2,764,423
CANADIAN PACIFIC RAILWAY LTD		2,454		625,647
CAPGEMINI SE		7,008		856,660
CARDIOVASCULAR SYSTEMS INC		16,197		787,012
CARDLYTICS INC		34,685		2,180,299
CARDTRONICS PLC		47,075		2,101,899
CARGURUS INC		20,917		735,860
CARPENTER TECHNOLOGY CORP		20,844		1,037,614
CARTER’S INC		67,782		7,411,284
CASTLIGHT HEALTH INC		18,710		24,884
CATALENT INC		51,786		2,915,552
CAVCO INDUSTRIES INC		5,705		1,114,643
CBTX INC		6,100		189,832
CELLNEX TELECOM SA		51,210		2,205,631
CENTENE CORP		78,334		4,924,859
CENTERSTATE BANK CORP		72,638		1,814,497
CENTRAL PATTANA PCL		224,012		465,543
CENTURY COMMUNITIES INC		23,445		641,221
CERIDIAN HCM HOLDING INC		38,804		2,634,016
CERVED GROUP SPA		37,561		366,601
CHARLES SCHWAB CORP/THE		221,737		10,545,812
CHARTER COMMUNICATIONS INC		23,449		11,374,641
CHECK POINT SOFTWARE TECHNOLOG		34,748		3,855,638
CHEESECAKE FACTORY INC/THE		5,724		222,435
CHEFS’ WAREHOUSE INC/THE		51,570		1,965,333
CHEGG INC		15,739		596,665
CHEVRON CORP		42,248		5,091,306
CHINA MENGNIU DAIRY CO LTD HK/02319		223,000		901,525
CHINA MOBILE LTD ADR		50,501		2,134,677
CHIPOTLE MEXICAN GRILL INC		1,822		1,525,214
CHIYODA CORP		108,954		283,727
CHUBB LTD		3,469		539,985
CHUBU ELECTRIC POWER CO INC		15,000		212,767
CHUGAI PHARMACEUTICAL CO LTD		31,800		2,949,565
CIE FINANCIERE RICHEMONT SA		14,390		1,130,277
CIE GENERALE DES ETABLISSEMENT		13,146		1,609,922
CIGNA CORP		22,920		4,686,911
CIMAREX ENERGY CO		138,590		7,274,589
CINEMARK HOLDINGS INC		143,400		4,854,090
CINTAS CORP		6,954		1,871,182
CITIGROUP INC		114,343		9,134,862
CITY DEVELOPMENTS LTD		128,100		1,043,167
CK INFRASTRUCTURE HOLDINGS LTD HK/01038		80,500		572,875
CLARIVATE ANALYTICS PLC		26,077		438,094
CLEAN HARBORS INC		36,615		3,139,736
CLEVELAND-CLIFFS INC		79,150		664,860
CLOROX CO/THE		30,525		4,686,809
CME GROUP INC		22,848		4,586,051

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
CMS ENERGY CORP		12,547		788,453
CNO FINANCIAL GROUP INC		37,941		687,870
COCA-COLA EUROPEAN PARTNERS PL		13,713		697,717
COCA-COLA ICECEK AS		40,524		263,532
COGNEX CORP		38,094		2,134,788
COGNIZANT TECHNOLOGY SOLUTIONS		11,952		741,263
COHERENT INC		27,400		4,557,990
COHU INC		17,753		405,656
COMCAST CORP		87,754		3,946,297
COMMERCIAL INTERNATIONAL BANK		129,833		671,572
COMMERCIAL INTERNATIONAL BANK GDR		78,690		407,032
COMMONWEALTH BANK OF AUSTRALIA		34,157		1,918,452
COMMSCOPE HOLDING CO INC		194,621		2,761,672
COMPASS GROUP PLC		97,632		2,444,488
CONCHO RESOURCES INC		3,607		315,865
CONSTELLATION BRANDS INC		40,606		7,704,989
CONSTELLATION PHARMACEUTICALS		13,289		626,045
COSTAR GROUP INC		1,903		1,138,565
CP ALL PCL		374,100		902,349
CREDICORP LTD		3,842		818,845
CREE INC		32,373		1,494,014
CRH PLC		22,707		915,067
CRISPR THERAPEUTICS AG		2,832		172,483
CRODA INTERNATIONAL PLC		13,431		910,987
CROMPTON GREAVES CONSUMER ELEC		88,302		296,719
CROWN HOLDINGS INC		28,677		2,080,230
CSPC PHARMACEUTICAL GROUP LTD HK/01093		280,000		667,676
DAIFUKU CO LTD		1,535		94,070
DAIICHI SANKYO CO LTD		14,100		937,794
DANAHER CORP		20,104		3,085,562
DANGOTE CEMENT PLC		434,483		170,001
DANSKE BANK A/S		33,192		537,494
DARDEN RESTAURANTS INC		49,150		5,357,842
DASSAULT SYSTEMES SE		14,531		2,390,384
DBS GROUP HOLDINGS LTD		208,765		4,018,026
DECKERS OUTDOOR CORP		7,378		1,245,849
DELEK US HOLDINGS INC		7,088		237,661
DELIVERY HERO SE		6,298		498,824
DENTSU GROUP INC		40,400		1,403,359
DERWENT LONDON PLC		20,444		1,086,036
DEVON ENERGY CORP		189,000		4,908,330
DEXCOM INC		17,483		3,824,231
DIAGEO PLC		157,610		6,682,447
DICERNA PHARMACEUTICALS INC		8,941		196,970
DIRECT LINE INSURANCE GROUP PL		114,260		473,019
DISCOVER FINANCIAL SERVICES		45,129		3,827,842
DOCUSIGN INC		6,305		467,264
DOLLAR GENERAL CORP		20,189		3,149,080
DOLLAR TREE INC		80,334		7,555,413
DOMINO’S PIZZA INC		17,940		5,270,413
DP WORLD PLC		45,355		594,151
DTE ENERGY CO		27,075		3,516,230

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
DULUTH HOLDINGS INC		40,112		422,379
DUPONT DE NEMOURS INC		72,654		4,664,387
DXC TECHNOLOGY CO		177,589		6,675,571
DYCOM INDUSTRIES INC		34,042		1,605,080
E*TRADE FINANCIAL CORP		124,825		5,663,310
E.ON SE		148,471		1,587,257
EAST JAPAN RAILWAY CO		16,900		1,533,013
EASTMAN CHEMICAL CO		101,229		8,023,411
EDENRED		26,048		1,347,912
EDITA FOOD INDUSTRIES SAE		123,747		115,497
EDWARDS LIFESCIENCES CORP		7,285		1,699,518
EF-ON INC		10,800		74,335
EISAI CO LTD		18,600		1,404,135
ELECTRONIC ARTS INC		5,870		631,084
ENERPLUS CORP		69,959		498,808
ENGIE SA		110,613		1,787,949
ENSTAR GROUP LTD		1,365		282,364
EPIROC AB		179,269		2,189,862
EQT AB		60,631		705,339
EQUIFAX INC		3,440		482,013
ERSTE GROUP BANK AG		21,037		792,487
ESSENT GROUP LTD		26,502		1,377,839
EVERBRIDGE INC		6,226		486,126
EVEREST RE GROUP LTD		13,325		3,688,893
EXACT SCIENCES CORP		36,537		3,378,942
EXLSERVICE HOLDINGS INC		45,421		3,154,943
EXPERIAN PLC		45,670		1,543,994
FABRINET		13,959		905,102
FACEBOOK INC		104,402		21,428,511
FANUC CORP		11,217		2,098,381
FASTIGHETS AB BALDER		27,129		1,255,445
FAURECIA SE		9,009		485,708
FERRARI NV		1,926		318,830
FERRO CORP		69,895		1,036,543
FIDELITY NATIONAL FINANCIAL IN		74,475		3,377,441
FIDELITY NATIONAL INFORMATION		96,614		13,438,041
FIRST BANCORP/PUERTO RICO		134,199		1,421,167
FIRST BANCSHARES INC/THE		35,602		1,264,583
FIRST INTERSTATE BANCSYSTEM IN		67,569		2,832,492
FIRST MIDWEST BANCORP INC/IL		47,129		1,086,795
FIRST REPUBLIC BANK/CA		41,390		4,861,256
FIRST SOLAR INC		30,771		1,721,945
FISERV INC		37,166		4,297,505
FIVE POINT HOLDINGS LLC		36,288		252,202
FLEETCOR TECHNOLOGIES INC		10,667		3,069,109
FLEX LTD		455,350		5,746,517
FOMENTO ECONOMICO MEXICANO SAB ADR		15,236		1,439,954
FORESCOUT TECHNOLOGIES INC		40,806		1,338,437
FORMFACTOR INC		107,138		2,782,374
FORTIVE CORP		37,593		2,871,729
FORTY SEVEN INC		38,729		1,524,761
FRESENIUS SE & CO KGAA		12,638		711,861

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
FRESHPET INC		21,870		1,292,298
FRONTDOOR INC		9,722		461,017
FUJI CORP/AICHI		10,900		201,701
FUJIFILM HOLDINGS CORP		15,554		748,538
G1 THERAPEUTICS INC		46,496		1,228,889
GALP ENERGIA SGPS SA		23,739		397,041
GARDNER DENVER HOLDINGS INC		51,614		1,893,202
GENERAL MOTORS CO		87,535		3,203,781
GENMAB A/S ADR		144,996		3,237,761
GENPACT LTD		83,075		3,503,273
GILEAD SCIENCES INC		21,339		1,386,608
GLOBAL BLOOD THERAPEUTICS INC		12,893		1,024,865
GLOBAL PAYMENTS INC		80,926		14,773,851
GLOBANT SA		7,533		798,875
GLOBUS MEDICAL INC		11,601		683,067
GLYCOMIMETICS INC		33,470		177,056
GMO PAYMENT GATEWAY INC		12,112		833,658
GODREJ CONSUMER PRODUCTS LTD		59,557		571,180
*GOLDMAN SACHS GROUP INC/THE		545,779		125,490,965
GRANITE CONSTRUCTION INC		19,791		547,617
GREEN PLAINS INC		72,419		1,117,425
GREENBRIER COS INC/THE		29,722		963,884
GREENTOWN SERVICE GROUP CO LTD HK/02869		166,000		181,301
GROUPON INC		118,314		282,770
GRUBHUB INC		6,934		337,270
GRUMA SAB DE CV		94,900		973,876
GRUPO FINANCIERO BANORTE SAB D		23,757		132,800
GRUPO FINANCIERO INBURSA SAB D		179,254		220,223
GS RETAIL CO LTD		10,158		344,763
GUARANTY TRUST BANK PLC GDR		82,307		336,784
GUIDEWIRE SOFTWARE INC		42,828		4,701,230
HAEMONETICS CORP		13,467		1,547,358
HAKUHODO DY HOLDINGS INC		25,600		416,478
HAMILTON LANE INC		19,334		1,152,306
HANESBRANDS INC		156,805		2,328,554
HANNON ARMSTRONG SUSTAINABLE I		17,508		563,407
HANNOVER RUECK SE		3,244		627,412
HANON SYSTEMS		51,949		500,870
HARTFORD FINANCIAL SERVICES GR		55,853		3,394,187
HASBRO INC		86,101		9,093,127
HBT FINANCIAL INC		13,100		248,769
HCA HEALTHCARE INC		8,104		1,197,852
HDFC BANK LTD		54,020		962,743
HDFC BANK LTD ADR		34,836		2,207,557
HEINEKEN HOLDING NV		5,738		556,494
HEINEKEN NV		38,537		4,106,029
HELIX ENERGY SOLUTIONS GROUP I		49,675		478,370
HEWLETT PACKARD ENTERPRISE CO		266,475		4,226,294
HIKMA PHARMACEUTICALS PLC		26,635		702,519
HILTON WORLDWIDE HOLDINGS INC		12,818		1,421,644
HINO MOTORS LTD		87,600		936,657
HITACHI LTD		27,029		1,150,551

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
HMS HOLDINGS CORP		46,878		1,387,589
HOMOLOGY MEDICINES INC		6,660		137,862
HONDA MOTOR CO LTD		12,600		359,304
HONEYWELL INTERNATIONAL INC		19,801		3,504,777
HORIZON BANCORP INC/IN		48,146		914,774
HORMEL FOODS CORP		67,100		3,026,881
HOSTESS BRANDS INC		92,936		1,351,289
HOUGHTON MIFFLIN HARCOURT CO		177,270		1,107,938
HOULIHAN LOKEY INC		4,323		211,265
HOUSING DEVELOPMENT FINANCE CO		42,566		1,438,712
HOYA CORP		11,420		1,098,127
HSBC HOLDINGS PLC		192,016		1,505,635
HUBBELL INC		22,800		3,370,296
HUBSPOT INC		16,880		2,675,480
HUMANA INC		13,138		4,815,340
HURON CONSULTING GROUP INC		37,500		2,577,000
HYATT HOTELS CORP		3,875		347,626
HYVE GROUP PLC		98,218		132,717
IAC/INTERACTIVECORP		6,604		1,645,122
IBERDROLA SA		230,402		2,376,749
IBERIABANK CORP		19,033		1,424,239
ICICI BANK LTD ADR		176,317		2,660,624
IDEMITSU KOSAN CO LTD		18,300		510,228
IHS MARKIT LTD		77,345		5,827,946
ILLUMINA INC		16,068		5,330,398
IMCD NV		12,300		1,074,165
INDOCEMENT TUNGGAL PRAKARSA TB		168,500		230,917
INFINEON TECHNOLOGIES AG		199,578		4,549,974
INFOSYS LTD		16,821		172,303
INFOSYS LTD ADR		53,064		547,620
ING GROEP NV		109,265		1,310,883
INGERSOLL-RAND PLC		17,675		2,349,361
INGEVITY CORP		13,627		1,190,727
INPHI CORP		11,086		820,586
INSTALLED BUILDING PRODUCTS IN		38,559		2,655,558
INTACT FINANCIAL CORP		19,631		2,125,764
INTEL CORP		11,409		682,829
INTER PARFUMS INC		22,147		1,610,308
INTERCONTINENTAL EXCHANGE INC		16,408		1,518,560
INTERMEDIATE CAPITAL GROUP PLC		16,638		354,863
INTERPUBLIC GROUP OF COS INC/T		171,775		3,968,003
INTERSECT ENT INC		21,112		525,689
INTESA SANPAOLO SPA		194,794		513,514
INTUIT INC		18,772		4,916,950
INTUITIVE SURGICAL INC		6,638		3,924,054
IOVANCE BIOTHERAPEUTICS INC		18,780		519,830
IQVIA HOLDINGS INC		58,201		8,992,637
IRHYTHM TECHNOLOGIES INC		14,040		955,984
IRISH CONTINENTAL GROUP PLC		28,970		159,342
ISUZU MOTORS LTD		99,200		1,185,745
ITAU UNIBANCO HOLDING SA ADR		188,571		1,725,425
ITOCHU CORP		29,644		691,352

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
ITRON INC		29,458		2,472,999
JACK IN THE BOX INC		15,656		1,221,638
JAGGED PEAK ENERGY INC		62,830		533,427
JAMES RIVER GROUP HOLDINGS LTD		31,406		1,294,241
JAPAN LIFELINE CO LTD		19,457		267,304
JB HUNT TRANSPORT SERVICES INC		31,775		3,710,685
JCDECAUX SA		25,619		790,251
JELD-WEN HOLDING INC		116,103		2,717,971
JERONIMO MARTINS SGPS SA		22,006		362,251
JGC HOLDINGS CORP		24,800		400,497
JPMORGAN CHASE & CO		21,941		3,058,575
JSR CORP		20,640		382,127
JXTG HOLDINGS INC		143,295		656,513
KAISER ALUMINUM CORP		3,949		437,905
KANGWON LAND INC		33,866		866,819
KANSAS CITY SOUTHERN		1,964		300,806
KARYOPHARM THERAPEUTICS INC		14,639		280,630
KDDI CORP		68,600		2,053,423
KENNAMETAL INC		38,700		1,427,643
KENNEDY-WILSON HOLDINGS INC		72,822		1,623,931
KEYENCE CORP		10,996		3,894,511
KIMBERLY-CLARK CORP		65,497		9,009,112
KIMBERLY-CLARK DE MEXICO SAB D		364,410		726,157
KKR & CO INC		364,118		10,621,322
KLA CORP		17,129		3,051,874
KODIAK SCIENCES INC		20,832		1,498,862
KOMATSU LTD		56,900		1,383,297
KONINKLIJKE KPN NV		214,300		632,892
KONINKLIJKE PHILIPS NV		20,954		1,023,628
KONTOOR BRANDS INC		22,738		954,769
KOSMOS ENERGY LTD		69,732		397,472
KOTAK MAHINDRA BANK LTD		39,028		920,966
KRATOS DEFENSE & SECURITY SOLU		27,304		491,745
KROGER CO/THE		244,600		7,090,954
KUBOTA CORP		151,590		2,407,585
L3HARRIS TECHNOLOGIES INC		29,020		5,742,187
LABORATORIOS FARMACEUTICOS ROV		3,486		95,478
LAKELAND BANCORP INC		97,072		1,687,111
LAM RESEARCH CORP		2,455		717,842
LANDSTAR SYSTEM INC		52,500		5,978,175
LATTICE SEMICONDUCTOR CORP		118,049		2,259,458
LEGAL & GENERAL GROUP PLC		68,436		274,702
LEIDOS HOLDINGS INC		62,375		6,105,889
LEVEL ONE BANCORP INC		42,879		1,078,836
LGI HOMES INC		2,799		197,749
LIBERTY LATIN AMERICA LTD		62,790		1,218,780
LIBERTY MEDIA CORP-LIBERTY BRA		37,464		1,106,687
LINDE PLC		32,606		6,960,584
LINX SA		41,700		367,170
LIVENT CORP		68,672		587,146
LOEWS CORP		37,108		1,947,799
LOMA NEGRA CIA INDUSTRIAL ARGE ADR		10,816		84,581

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
LONDON STOCK EXCHANGE GROUP PL		12,092		1,241,463
LONGTOP FINANCIAL TECHNOLOGIES ADR		38,622		–
LONZA GROUP AG		7,822		2,853,029
L’OREAL SA		25,122		7,444,653
LOUISIANA-PACIFIC CORP		68,975		2,046,488
LOWE’S COS INC		12,755		1,527,539
LUKOIL PJSC ADR		27,609		2,725,284
LULULEMON ATHLETICA INC		12,781		2,960,974
LUMENTUM HOLDINGS INC		17,336		1,374,745
LUNDIN PETROLEUM AB		13,273		451,316
LVMH MOET HENNESSY LOUIS VUITT		7,173		3,335,011
MADRIGAL PHARMACEUTICALS INC		4,406		401,431
MAGNA INTL INC		11,173		613,470
MAGNIT PJSC		7,108		392,727
MAGNOLIA OIL & GAS CORP		48,291		607,501
MALAYSIA AIRPORTS HOLDINGS BHD		179,200		332,947
MANPOWERGROUP INC		52,200		5,068,620
MARCUS CORP/THE		22,959		729,407
MARRIOTT INTERNATIONAL INC/MD		7,452		1,128,456
MARSH & MCLENNAN COS INC		28,843		3,213,399
MARVELL TECHNOLOGY GROUP LTD		42,684		1,133,687
MASCO CORP		34,594		1,660,166
MASTERCARD INC		51,106		15,259,741
MATCH GROUP INC		5,430		445,857
MAXIM INTEGRATED PRODUCTS INC		4,675		287,559
MAXIMUS INC		69,850		5,196,142
MAXLINEAR INC		28,513		605,046
MAYVILLE ENGINEERING CO INC		21,832		204,784
MBIA INC		41,464		385,615
MEDICINES CO/THE		25,333		2,151,785
MEDICLINIC INTERNATIONAL PLC		213,063		1,161,762
MEDTRONIC PLC		52,287		5,931,960
MEGACABLE HOLDINGS SAB DE CV		134,574		551,865
MERCURY SYSTEMS INC		15,032		1,038,862
MESA LABORATORIES INC		1,675		417,745
METHANEX CORP		17,823		689,280
METLIFE INC		118,500		6,039,945
MICROCHIP TECHNOLOGY INC		1,525		159,698
MICROSOFT CORP		226,332		35,692,556
MIMECAST LTD		15,400		668,052
MINEBEA MITSUMI INC		5,100		106,857
MIRATI THERAPEUTICS INC		4,026		518,790
MITSUBISHI CORP		29,447		785,795
MITSUBISHI ELECTRIC CORP		35,981		496,136
MITSUBISHI HEAVY INDUSTRIES LT		10,600		414,344
MITSUI FUDOSAN CO LTD		60,901		1,497,377
MLP SAGLIK HIZMETLERI AS		33,026		88,794
MOBILE WORLD INVESTMENT CORP		36,479		179,465
MOLINA HEALTHCARE INC		16,825		2,282,984
MOMO INC ADR		14,282		478,447
MONARCH CASINO & RESORT INC		19,161		930,267
MONCLER SPA		19,404		872,764

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
MONSTER BEVERAGE CORP		54,593		3,469,385
MOOG INC		11,759		1,003,395
MORGAN STANLEY		76,696		3,920,700
MOSCOW EXCHANGE MICEX-RTS PJSC		87,900		152,788
MOTOROLA SOLUTIONS INC		48,795		7,862,826
MSCI INC		4,836		1,248,558
MTN GROUP LTD		27,729		163,576
MUSASHI SEIMITSU INDUSTRY CO L		17,200		238,513
MYOKARDIA INC		16,316		1,189,192
NASPERS LTD		8,375		1,372,000
NATIONAL GRID PLC		17,036		213,114
NAVER CORP		8,299		1,338,374
NAVIGATOR HOLDINGS LTD		14,676		197,832
NAVISTAR INTERNATIONAL CORP		4,946		143,137
NEKTAR THERAPEUTICS		33,163		715,823
NESTLE NIGERIA PLC		73,067		295,936
NESTLE SA		83,517		9,036,930
NESTLE SA ADR		53,070		5,745,358
NETEASE INC ADR		2,847		873,004
NETFLIX INC		34,905		11,294,211
NEW JERSEY RESOURCES CORP		30,716		1,369,012
NEW ORIENTAL EDUCATION & TECHN ADR		12,867		1,560,124
NEW YORK TIMES CO/THE		74,347		2,391,743
NEW ZEALAND REFINING CO LTD/TH		437,787		555,264
NEWCREST MINING LTD		11,514		244,836
NEXON CO LTD		67,753		903,997
NEXTCURE INC		5,873		330,826
NEXTERA ENERGY INC		69		16,709
NGK SPARK PLUG CO LTD		17,300		339,712
NIGERIAN BREWERIES PLC		1,218,600		198,108
NIKE INC		15,128		1,532,618
NIPPON EXPRESS CO LTD		9,800		578,937
NIPPON SEIKI CO LTD		13,800		227,175
NIPPON TELEVISION HOLDINGS INC		19,900		267,714
NITORI HOLDINGS CO LTD		900		142,650
NMI HOLDINGS INC		38,406		1,274,311
NORFOLK SOUTHERN CORP		2,245		435,822
NORSK HYDRO ASA		29,832		110,810
NORTHROP GRUMMAN CORP		3,868		1,330,476
NOS SGPS SA		311,613		1,678,971
NOVAGOLD RESOURCES INC		33,151		297,033
NOVARTIS AG		47,230		4,482,302
NOVOZYMES A/S		27,427		1,343,128
NUANCE COMMUNICATIONS INC		358,325		6,388,935
NUVASIVE INC		12,973		1,003,332
NVIDIA CORP		7,411		1,743,808
NVR INC		1,209		4,604,368
OCEANEERING INTERNATIONAL INC		8,371		124,812
ODONATE THERAPEUTICS INC		16,425		532,991
ODONTOPREV SA		94,400		395,885
OFG BANCORP		53,637		1,266,370
OKUMA CORP		5,575		297,539

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
OLD REPUBLIC INTERNATIONAL COR		151,450		3,387,937
OLLIE’S BARGAIN OUTLET HOLDING		23,558		1,538,573
OMNICELL INC		21,761		1,778,309
OMNOVA SOLUTIONS INC		72,161		729,548
ONO PHARMACEUTICAL CO LTD		71,000		1,634,617
OPAP SA		70,644		919,063
OPERA LTD ADR		22,779		210,706
ORASURE TECHNOLOGIES INC		86,205		692,226
ORBCOMM INC		61,583		259,264
ORCHARD THERAPEUTICS PLC ADR		13,512		185,790
O’REILLY AUTOMOTIVE INC		6,262		2,744,384
ORIENTAL LAND CO LTD/JAPAN		6,300		862,609
ORORA LTD		161,900		361,908
OTP BANK NYRT		26,944		1,411,130
OWENS CORNING		66,375		4,322,340
PACIFIC BASIN SHIPPING LTD HK/02343		1,310,000		275,726
PACKAGING CORP OF AMERICA		27,125		3,037,729
PAGSEGURO DIGITAL LTD		56,379		1,925,907
PARKER-HANNIFIN CORP		44,773		9,215,179
PARSLEY ENERGY INC		203,425		3,846,767
PARTNERS GROUP HOLDING AG		295		270,339
PATRICK INDUSTRIES INC		33,218		1,741,620
PATTERN ENERGY GROUP INC		4,578		122,484
PAYCOM SOFTWARE INC		2,473		654,751
PAYPAL HOLDINGS INC		93,673		10,132,608
PDC ENERGY INC		10,960		286,823
PEOPLE’S UTAH BANCORP		22,851		688,272
PEPSICO INC		32,499		4,441,638
PERFORMANCE FOOD GROUP CO		84,500		4,350,060
PERNOD RICARD SA		9,608		1,719,126
PERSPECTA INC		55,779		1,474,797
PFIZER INC		112,711		4,416,017
PGT INNOVATIONS INC		31,009		462,344
PHASEBIO PHARMACEUTICALS INC		6,000		36,660
PHILIP MORRIS INTERNATIONAL IN		68,483		5,827,218
PING AN INSURANCE GROUP CO OF HK/02318		247,000		2,919,569
PIONEER NATURAL RESOURCES CO		3,331		504,213
POLYONE CORP		27,238		1,002,086
PORTOLA PHARMACEUTICALS INC		18,018		430,270
PRA GROUP INC		40,018		1,452,653
PRICESMART INC		1,400		99,428
PRINCIPIA BIOPHARMA INC		12,459		682,504
PRIORITY TECHNOLOGY HOLDINGS I		11,571		28,349
PROCTER & GAMBLE CO/THE		38,208		4,772,179
PROGRESSIVE CORP/THE		13,332		965,103
PROMOTORA Y OPERADORA DE INFRA		1,700		17,421
PROQR THERAPEUTICS NV		52,360		518,888
PROS HOLDINGS INC		24,651		1,477,088
PROSIGHT GLOBAL INC		22,600		364,538
PROSPERITY BANCSHARES INC		82,825		5,954,289
PROSUS NV		3,342		249,580
PRUDENTIAL PLC		75,737		1,453,819

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
PUREGOLD PRICE CLUB INC		531,700		417,318
Q2 HOLDINGS INC		7,339		595,046
QEP RESOURCES INC		135,175		608,288
QIAGEN NV		37,475		1,266,655
QUALCOMM INC		6,386		563,437
QUEST DIAGNOSTICS INC		84,300		9,002,397
QUIDEL CORP		11,585		869,223
RADIUS HEALTH INC		22,369		450,959
RAMBUS INC		45,611		628,292
RANGE RESOURCES CORP		56,872		275,829
RAPID7 INC		34,519		1,933,754
REATA PHARMACEUTICALS INC		2,675		546,850
RED RIVER BANCSHARES INC		9,500		532,570
RED ROCK RESORTS INC		38,616		924,853
REDFIN CORP		26,097		551,691
REGENXBIO INC		4,221		172,934
RELIANCE STEEL & ALUMINUM CO		43,000		5,149,680
REPLIGEN CORP		15,267		1,412,198
REPUBLIC SERVICES INC		40,775		3,654,663
RESONA HOLDINGS INC		205,900		907,533
RESTAURANT BRANDS INTERNATIONA		7,083		451,683
REXNORD CORP		10,569		344,761
RHYTHM PHARMACEUTICALS INC		20,967		481,402
RIGEL PHARMACEUTICALS INC		56,900		121,766
RIO TINTO PLC		44,961		2,682,081
ROCHE HOLDING AG		18,877		6,121,111
ROCKET PHARMACEUTICALS INC		13,720		312,267
ROGERS CORP		11,581		1,444,498
ROPER TECHNOLOGIES INC		14,718		5,213,557
ROSS STORES INC		20,578		2,395,691
ROYAL CARIBBEAN CRUISES LTD		4,597		613,745
ROYAL DUTCH SHELL PLC A SHS		55,216		1,634,844
ROYAL DUTCH SHELL PLC B SHS		73,367		2,176,636
RUSH ENTERPRISES INC		33,710		1,567,515
S&P GLOBAL INC		5,623		1,535,360
SAFRAN SA		9,596		1,482,698
SAGE THERAPEUTICS INC		7,075		510,744
SAIA INC		3,755		349,666
SALESFORCE.COM INC		30,686		4,990,771
SAMSUNG ELECTRONICS CO LTD		19,023		917,881
SAMSUNG ELECTRONICS CO LTD GDR		4,551		4,921,410
SAMSUNG FIRE & MARINE INSURANC		2,157		454,174
SANDVIK AB		45,749		892,641
SANGAMO THERAPEUTICS INC		8,052		67,395
SANNE GROUP PLC		48,771		437,406
SAP SE ADR		35,221		4,719,262
SAREPTA THERAPEUTICS INC		7,507		968,703
SASOL LTD		38,791		841,870
SBERBANK OF RUSSIA PJSC		775,479		3,186,888
SCHLUMBERGER LTD		53,610		2,155,122
SCHNEIDER ELECTRIC SE		40,507		4,160,423
SCHWEITZER-MAUDUIT INTERNATION		19,669		825,901

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
SCIENCE APPLICATIONS INTERNATI		20,103		1,749,363
SCIPLAY CORP		34,002		417,885
SEACOAST BANKING CORP OF FLORI		30,149		921,655
SEATTLE GENETICS INC		1,200		137,112
SEMEN INDONESIA PERSERO TBK PT		1,310,000		1,132,359
SEMPRA ENERGY		4,520		684,690
SENSEONICS HOLDINGS INC		350,563		321,116
SERVICENOW INC		30,610		8,641,815
SGS SA		584		1,598,786
SHERWIN-WILLIAMS CO/THE		1,160		676,906
SHIN-ETSU CHEMICAL CO LTD		3,002		333,141
SHINSEI BANK LTD		39,600		610,352
SHIONOGI & CO LTD		6,700		417,197
SHOCKWAVE MEDICAL INC		10,800		474,336
SHOPIFY INC		2,168		861,953
SILICON LABORATORIES INC		5,706		661,782
SINA CORP/CHINA		8,730		348,589
SK HYNIX INC		6,208		505,143
SKYLINE CHAMPION CORP		75,536		2,394,491
SKYWORKS SOLUTIONS INC		55,212		6,674,027
SMC CORP/JAPAN		999		462,293
SMITH & NEPHEW PLC		30,452		739,254
SMURFIT KAPPA GROUP PLC		34,765		1,336,952
SOK MARKETLER TICARET AS		118,600		214,441
SOLAR CAPITAL LTD		31,642		652,458
SONOS INC		17,180		268,352
SONOVA HOLDING AG		9,282		2,123,161
SONY CORP		27,141		1,848,360
SONY FINANCIAL HOLDINGS INC		17,894		432,716
SOUTHWESTERN ENERGY CO		69,524		168,248
SPLUNK INC		13,885		2,079,556
SPOTIFY TECHNOLOGY SA		15,401		2,303,220
SRC ENERGY INC		23,659		97,475
STANDARD CHARTERED PLC		337,833		3,188,305
STATE STREET CORP		4,708		372,403
STEEL DYNAMICS INC		79,800		2,716,392
STEVEN MADDEN LTD		26,887		1,156,410
STOKE THERAPEUTICS INC		5,434		153,891
STONECO LTD		43,407		1,731,505
STRYKER CORP		22,607		4,746,114
STURM RUGER & CO INC		13,958		656,445
SUMITOMO MITSUI FINANCIAL GROU		58,100		2,158,802
SUN PHARMACEUTICAL INDUSTRIES		115,800		701,745
SUNNY OPTICAL TECHNOLOGY GROUP HK/02382		28,700		496,885
SUNRUN INC		34,912		482,135
SVMK INC		86,447		1,544,808
SYMRISE AG		21,562		2,270,274
SYNAPTICS INC		5,925		389,687
SYNDAX PHARMACEUTICALS INC		34,839		305,886
SYNEOS HEALTH INC		32,446		1,929,726
SYNOPSYS INC		14,036		1,953,811
SYSCO CORP		64,400		5,508,776
SYSMEX CORP		27,400		1,878,101

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
TAIHEIYO CEMENT CORP		10,232		302,700
TAIWAN SEMICONDUCTOR MANUFACTU		234,596		2,590,362
TAIWAN SEMICONDUCTOR MANUFACTU ADR		110,539		6,422,316
TAKEDA PHARMACEUTICAL CO LTD		54,809		2,184,795
TAKEDA PHARMACEUTICAL CO LTD ADR		7,627		150,481
TAKE-TWO INTERACTIVE SOFTWARE		51,795		6,341,262
TANDEM DIABETES CARE INC		11,606		691,834
TATA CONSULTANCY SERVICES LTD		20,225		612,518
TC ENERGY CORP		13,083		697,760
TCF FINANCIAL CORP		74,200		3,472,560
TD AMERITRADE HOLDING CORP		30,653		1,523,454
TECAN GROUP AG		1,539		432,290
TELADOC HEALTH INC		18,999		1,590,596
TELEFLEX INC		220		82,817
TELESITES SAB DE CV		116,576		86,426
TEMENOS AG		2,589		409,599
TENCENT HOLDINGS LTD ADR		151,346		7,270,897
TENCENT HOLDINGS LTD HK/00700		119,242		5,748,004
TEXAS INSTRUMENTS INC		29,673		3,806,749
TEXAS ROADHOUSE INC		17,713		997,596
TEXTRON INC		136,225		6,075,635
THAI BEVERAGE PCL		939,709		621,977
THERMO FISHER SCIENTIFIC INC		22,599		7,341,737
THIRD POINT REINSURANCE LTD		81,294		855,213
THK CO LTD		7,100		193,907
THOR INDUSTRIES INC		20,695		1,537,432
TJX COS INC/THE		106,346		6,493,487
T-MOBILE US INC		26,678		2,092,089
TOKIO MARINE HOLDINGS INC		27,720		1,560,788
TOKYO ELECTRON LTD		6,559		1,443,976
TOKYO OHKA KOGYO CO LTD		10,080		396,985
TOPBUILD CORP		31,947		3,293,097
TOTAL SA		73,644		4,067,137
TOTVS SA		12,467		200,051
TOYOTA MOTOR CORP		8,200		582,055
TRADE DESK INC/THE		3,972		1,031,846
TRADEWEB MARKETS INC		13,366		619,514
TRAINLINE PLC		47,856		321,424
TRANSUNION		32,509		2,783,095
TRATON SE		15,107		405,541
TRELLEBORG AB		19,306		347,613
TRI POINTE GROUP INC		91,913		1,432,005
TRICIDA INC		18,938		714,720
TRIMBLE INC		53,556		2,232,750
TRINET GROUP INC		54,594		3,090,566
TRIP.COM GROUP LTD ADR		43,735		1,466,872
TRITON INTERNATIONAL LTD/BERMU		69,706		2,802,181
TRIUMPH BANCORP INC		43,761		1,663,793
TRUIST FINANCIAL CORP		1		28
TRUPANION INC		93,545		3,504,196
UCB SA		13,354		1,062,781
ULKER BISKUVI SANAYI AS		55,139		207,177

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
ULTRAGENYX PHARMACEUTICAL INC		7,611		325,066
UNICAJA BANCO SA		478,929		520,395
UNICHARM CORP		91,000		3,098,229
UNICREDIT SPA		55,673		813,658
UNILEVER PLC		41,949		2,417,657
UNION PACIFIC CORP		4,464		807,047
UNITED AIRLINES HOLDINGS INC		48,447		4,267,696
UNITED COMMUNITY BANKS INC/GA		62,376		1,926,171
UNITED OVERSEAS BANK LTD		29,600		581,368
UNITED PARCEL SERVICE INC		400		46,824
UNITED TECHNOLOGIES CORP		36,884		5,523,748
UNITEDHEALTH GROUP INC		42,101		12,376,852
UNIVERSAL ROBINA CORP		207,950		595,375
VALERO ENERGY CORP		39,250		3,675,763
VAPOTHERM INC		28,497		346,524
VEEVA SYSTEMS INC		35,777		5,032,393
VERACYTE INC		22,350		624,012
VERISK ANALYTICS INC		4,233		632,156
VERTEX PHARMACEUTICALS INC		20,262		4,436,365
VF CORP		3,946		393,258
VIACOMCBS INC		92,700		3,890,619
VIAVI SOLUTIONS INC		20,909		313,635
VIETNAM DAIRY PRODUCTS JSC		242,598		1,219,675
VINCI SA		16,343		1,816,157
VISA INC		84,621		15,900,286
VMWARE INC		8,300		1,259,857
WALT DISNEY CO/THE		40,226		5,817,886
WARRIOR MET COAL INC		54,537		1,152,367
WARTSILA OYJ ABP		18,332		202,690
WAVE LIFE SCIENCES LTD		17,537		140,559
WAYFAIR INC		9,365		846,315
WELLCARE HEALTH PLANS INC		7,009		2,314,442
WEST PHARMACEUTICAL SERVICES I		17,504		2,631,376
WESTERN DIGITAL CORP		7,484		475,009
WESTLAKE CHEMICAL CORP		95,624		6,707,924
WH GROUP LTD HK/00288		951,500		983,030
WILLIS TOWERS WATSON PLC		12,384		2,500,825
WINGSTOP INC		11,701		1,008,977
WIX.COM LTD		4,458		545,570
WOLTERS KLUWER NV		15,434		1,126,450
WOLVERINE WORLD WIDE INC		34,071		1,149,556
WORKDAY INC		16,140		2,654,223
WORLDLINE SA/FRANCE		11,815		837,517
WORTHINGTON INDUSTRIES INC		16,199		683,274
WR BERKLEY CORP		46,962		3,245,074
WRIGHT MEDICAL GROUP NV		6,060		184,709
WYNN RESORTS LTD		5,223		725,318
XCEL ENERGY INC		58,325		3,702,942
XILINX INC		145		14,177
XP INC		17,377		669,362
XYLEM INC/NY		23,575		1,857,474
YAMAHA MOTOR CO LTD		70,200		1,423,056

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
YAMATO HOLDINGS CO LTD		13,000		223,336
YANDEX NV		74,069		3,221,261
YETI HOLDINGS INC		23,681		823,625
YUM! BRANDS INC		37,450		3,772,339
ZALANDO SE		6,956		352,770
ZEALAND PHARMA A/S		2,655		93,884
ZEALAND PHARMA A/S ADR		2,846		94,487
ZIONS BANCORP NA		107,250		5,568,420
ZOETIS INC		3,023		400,094
ZOOM VIDEO COMMUNICATIONS INC		35,586		2,421,271
ZSCALER INC		32,998		1,534,407
ZYNGA INC		563,136		3,446,392
Total Common Stock			$	1,907,619,614
Preferred Stock
AMOREPACIFIC GROUP		241	$	11,378
FUCHS PETROLUB SE		18,451		914,609
ITAUSA - INVESTIMENTOS ITAU SA		126,856		444,329
SAMSUNG ELECTRONICS CO LTD		38,121		1,496,556
SAMSUNG FIRE & MARINE INSURANC		165		23,685
VOLKSWAGEN AG		10,579		2,092,837
Total Preferred Stock			$	4,983,394
Mutual Funds
DREYFUS INS RSRV PR MONEY 6546		40,207,178	$	40,207,179
ISHARES CORE MSCI EAFE ETF		18,600		1,213,464
ISHARES RUSSELL 2000 ETF		31,032		5,141,071
PIMCO FDS SHORT TERM FLTG NAV PORT II		686,418		6,871,045
Total Mutual Funds			$	53,432,759
Real Estate Investment Trusts
AGREE REALTY CORP		20,253	$	1,421,153
ALEXANDER & BALDWIN INC		55,041		1,153,659
AMERICAN HOMES 4 RENT		155,920		4,086,663
AMERICAN TOWER CORP 2.800% 06/01/2020 DD 05/07/15		250,000		250,720
AMERICOLD REALTY TRUST		87,140		3,055,128
APARTMENT INVESTMENT & MANAGEM		79,460		4,104,109
AVALONBAY COMMUNITIES INC		24,920		5,225,724
BOSTON PROPERTIES INC		29,460		4,061,356
BRANDYWINE REALTY TRUST		120,480		1,897,560
BRIXMOR PROPERTY GROUP INC		101,460		2,192,551
CARETRUST REIT INC		167,550		3,456,557
COLUMBIA PROPERTY TRUST INC		152,630		3,191,493
COUSINS PROPERTIES INC		56,180		2,314,616
CROWN CASTLE INTERNATIONAL COR		20,340		2,891,331
CROWN CASTLE INTERNATIONAL COR 3.400% 02/15/2021 DD 02/08/16		449,000		455,110
CYRUSONE INC		51,680		3,381,422
DIAMONDROCK HOSPITALITY CO		146,510		1,623,331
DIGITAL REALTY TRUST INC		41,750		4,999,145

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
EMPIRE STATE REALTY TRUST INC		187,790		2,621,548
EQUINIX INC		23,820		13,903,734
EQUITY RESIDENTIAL		112,330		9,089,744
ESSENTIAL PROPERTIES REALTY TR		150,265		3,728,075
EXTRA SPACE STORAGE INC		43,970		4,644,111
HEALTHCARE TRUST OF AMERICA IN		283,885		8,596,038
HEALTHPEAK PROPERTIES INC		278,400		9,596,448
HIGHWOODS PROPERTIES INC		122,124		5,973,085
HOST HOTELS & RESORTS INC		367,020		6,808,221
HUDSON PACIFIC PROPERTIES INC		62,840		2,365,926
INDUSTRIAL LOGISTICS PROPERTIE		64,400		1,443,848
INNOVATIVE INDUSTRIAL PROPERTI		7,163		543,457
INVITATION HOMES INC		195,340		5,854,340
IRON MOUNTAIN INC		136,970		4,365,234
JBG SMITH PROPERTIES		145,090		5,787,640
KILROY REALTY CORP		60,650		5,088,535
LAMAR ADVERTISING CO		75,900		6,774,834
LIBERTY PROPERTY TRUST		59,360		3,564,568
LIFE STORAGE INC		22,254		2,409,663
LINK REIT HK/00823		146,141		1,547,349
MEDICAL PROPERTIES TRUST INC		154,450		3,260,440
MFA FINANCIAL INC		175,204		1,340,311
MID-AMERICA APARTMENT COMMUNIT		34,501		4,549,302
NATIONAL RETAIL PROPERTIES INC		132,178		7,087,384
NATIONAL STORAGE AFFILIATES TR		89,590		3,012,016
NEXPOINT RESIDENTIAL TRUST INC		49,776		2,239,920
NIPPON ACCOMMODATIONS FUND INC		147		927,923
OUTFRONT MEDIA INC		33,405		895,922
PARK HOTELS & RESORTS INC		128,690		3,329,210
PENNYMAC MORTGAGE INVESTMENT T		39,443		879,184
POTLATCHDELTIC CORP		9,054		391,767
PROLOGIS INC		180,150		16,058,570
PS BUSINESS PARKS INC		21,816		3,596,804
PUBLIC STORAGE		45,677		9,727,374
REALTY INCOME CORP		118,780		8,745,771
REDWOOD TRUST INC		93,511		1,546,672
REGENCY CENTERS CORP		50,960		3,215,066
RETAIL OPPORTUNITY INVESTMENTS		155,800		2,751,428
RETAIL PROPERTIES OF AMERICA I		227,092		3,043,033
REXFORD INDUSTRIAL REALTY INC		124,827		5,700,849
SBA COMMUNICATIONS CORP		12,840		3,094,312
SENIOR HOUSING PROPERTIES TRUS		157,230		1,327,021
SIMON PROPERTY GROUP INC		49,010		7,300,530
STORE CAPITAL CORP		71,040		2,645,530
SUN COMMUNITIES INC		46,060		6,913,606
TAUBMAN CENTERS INC		54,248		1,686,570
UDR INC		144,326		6,740,024
VENTAS INC		137,360		7,931,166
VEREIT INC		499,380		4,614,271
VICI PROPERTIES INC		138,200		3,531,010
XENIA HOTELS & RESORTS INC		118,001		2,550,002
Total Real Estate Investment Trusts			$	285,101,014

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
Derivative Assets
90DAY EURO$ FUT (CME) JUN 22 CALL JUN 22 099.750 ED 06/13/2		7	$	788
90DAY EURO$ FUTURE (CME) EXP DEC 20		737,853		–
90DAY EURO$ FUTURE (CME) EXP JUN 20		1,720,432		–
90DAY EURO$ FUTURE (CME) EXP JUN 21		738,303		–
90DAY EURO$ FUTURE (CME) EXP MAR 20		982,654		–
90DAY EURO$ FUTURE MAR 22 CALL MAR 22 099.750 ED 031422		3		281
ATARA BIOTHERAPEUTICS INC TRS		9,456		6,591
AUSTRALIAN 10YR BOND FUT (SFE) EXP MAR 20		3,014,803		–
B&M EUROPEAN VALUE RETAIL SA TRS		204,790		38,655
B&M_EUROPEAN VALUE RETAIL SA TRS		413,872		170,531
BENDIGO AND ADELAIDE BANK LTD TRS		59,870		20,466
BRENT CRUDE FUTURE (ICE) EXP DEC 20		1,530,525		–
BRENT CRUDE FUTURE (ICE) EXP DEC 21		2,266,329		–
BRENT CRUDE FUTURE (ICE) EXP DEC 22		737,893		–
BRENT CRUDE FUTURE (ICE) EXP DEC 23		1,076,559		–
BRENT CRUDE FUTURE (ICE) EXP JUL 20		761,532		–
BRENT CRUDE FUTURE (ICE) EXP JUN 20		640,810		–
BRENT CRUDE FUTURE (ICE) EXP JUN 21		297,055		–
BRENT CRUDE FUTURE (ICE) EXP JUN 22		344,046		–
BRENT CRUDE FUTURE (ICE) EXP MAR 20		990,015		–
BRENT CRUDE FUTURE (ICE) EXP MAY 20		194,043		–
BRENT CRUDE FUTURE (ICE) EXP OCT 20		372,186		–
BRENT CRUDE OIL (ICE) EXP APR 20		391,746		–
BRENT-DUBAI ICE FUTURE (NYM) EXP APR 20		2,942		–
BRENT-DUBAI ICE FUTURE (NYM) EXP AUG 20		3,782		–
BRENT-DUBAI ICE FUTURE (NYM) EXP DEC 20		4,364		–
BRENT-DUBAI ICE FUTURE (NYM) EXP FEB 20		2,160		–
BRENT-DUBAI ICE FUTURE (NYM) EXP JAN 20		1,838		–
BRENT-DUBAI ICE FUTURE (NYM) EXP JUL 20		3,602		–
BRENT-DUBAI ICE FUTURE (NYM) EXP JUN 20		3,302		–
BRENT-DUBAI ICE FUTURE (NYM) EXP MAR 20		2,566		–
BRENT-DUBAI ICE FUTURE (NYM) EXP MAY 20		3,132		–
BRENT-DUBAI ICE FUTURE (NYM) EXP NOV 20		4,250		–
BRENT-DUBAI ICE FUTURE (NYM) EXP OCT 20		4,110		–
BRENT-DUBAI ICE FUTURE (NYM) EXP SEP 20		4,006		–
BRITISH AMERICAN TOBACCO PLC TRS		38,416		75,440
BRITISH_AMERICAN TOBACCO PLC TRS		115,770		335,535
BRT/DUBAI 1ST LN FUT (ICE) EXP APR 20		1,342		–
BRT/DUBAI 1ST LN FUT (ICE) EXP FEB 20		920		–
BRT/DUBAI 1ST LN FUT (ICE) EXP MAR 20		1,144		–
CANADA 10YR BOND FUTURE (MSE) EXP MAR 20		1,590,298		–
CANON TRS		45,834		5,129
CCP IRS P US0003M INDEX (OTC) PUT AUG 20 001.7785 ED 081920		400,000		33,750
CCP IRS P US0003M INDEX (OTC) PUT AUG 21 001.752 ED 08/23/21		300,000		34,041
CCP IRS P US0003M INDEX 083151 PUT AUG 21 001.7325 ED 082621		400,000		46,466
CCP IRS P US0003M INDEX PUT SEP 21 002.175 ED 091521		300,000		18,028
CCP IRS R 1.984% P US0003M LCH PUT JUN 20 001.984 ED 060920		200,000		9,939
CCP IRS R 2.005% P US0003M CME PUT JUN 20 002.005 ED 060820		300,000		14,014
CCP IRS R US0003M P US0001M 2022 APR 26		5,500,000		1,119
CCP IRS R USD-LIBOR-BBA 3M P US0001M+8.5 2022 JUN 19		6,000,000		4,433
CCP IRS RUS0003M P US0001M CME 23 MAY 2029		3,600,000		798

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
CCP_CDS._BP UL RAI CME PAY 100BPS 2020 DEC 21		300,000		–
CCP_CDS._BP UL UNITED UTILITIE PAY 100BPS 2020 DEC 20		100,000		–
CCP_CDX. BP UL ITRAXX EUROPE S PAY 100BPS 2029 JUN 20		4,600,000		–
CCP_CDX. SP UL ITRAXX EUROPE C REC 500BPS 2024 DEC 20		200,000		30,591
CCP_CDX._BP UL CDX.NA.IG.32_V1 PAY 100BPS 2029 JUN 20		2,500,000		–
CCP_CDX._BP UL CDX-NAIGS33V1-5 PAY 100BPS 2024 DEC 20		300,000		–
CCP_CDX._BP UL ITRAXX_EUROPE_3 PAY 100BPS 2024 JUN 20		200,000		–
CCP_CDX._SP UL ITRAXX EUROPE C REC 500BPS 2024 DEC 20		200,000		–
CCP_CDX_BP CDX IG33 10Y ICE P 1% 2029 DEC 20		8,000,000		–
CCP_IRS P US0003M R 1.249% 2024 AUG 31		1,400,000		–
CCP_IRS R US0003M P US0001M 2023 APR 27		2,900,000		549
CCP_IRS R USD-LIBOR-BBA 3M P US0001M+8.5 2022 JUN 19		6,000,000		–
CCP_IRS RUS0003M P US0001M CME 23 MAY2029		3,600,000		–
CCP_IRS. P CAD-BA-CDOR 3M CME REC 2.5% 2029 JUN 19		900,000		20,874
CCP_IRS. P CAD-BA-CDOR 3M CME REC 2.56% 2049 MAR 07		300,000		15,167
CCP_IRS. P CAD-BA-CDOR 3M CME REC 2.75% 2048 DEC 18		800,000		65,162
CCP_IRS. P EUR-EURIBOR-REUTERS REC 1.31% 2029 JUN 19		700,000		33,107
CCP_IRS. P GBP-LIBOR-BBA 6M CM REC 1.0% 2025 JUN 17		4,900,000		31,393
CCP_IRS. P JPY-LIBOR-BBA 6M CM REC 0.5% 2049 JUN 19		70,000,000		9,709
CCP_IRS. P SEK-STIBOR-SIDE 3M REC 1.0% 2029 JUN 19		800,000		2,711
CCP_IRS. P USD-LIBOR-BBA 1M CM R USD-LIBOR-BBA 3M 2022 MAR 18		15,200,000		1,771
CCP_IRS. P USD-LIBOR-BBA 3M CM REC 1.75% 2023 DEC 21		1,400,000		3,223
CCP_IRS. P USD-LIBOR-BBA 3M CM REC 2.75% 2020 DEC 19		2,900,000		27,578
CCP_IRS. P ZAR-JIBAR-SAFEX 3M REC 7.25% 2023 JUN 20		2,500,000		2,873
CCP_IRS. R EUR-EURIBOR-REUTERS PAY 0.25% 2050 MAR 18		1,300,000		163,018
CCP_IRS. R EUR-EURIBOR-REUTERS PAY -0.3% 2022 JUN 17		2,200,000		2,210
CCP_IRS. R EUR-EURIBOR-REUTERS PAY -0.5% 2022 MAR 18		3,900,000		19,694
CCP_IRS. R GBP-LIBOR-BBA 6M CM PAY 1.0% 2029 DEC 18		750,000		1,543
CCP_IRS. R GBP-LIBOR-BBA 6M CM PAY 1.0% 2030 JUN 17		750,000		3,412
CCP_IRS. R GBP-LIBOR-BBA 6M CM PAY 0.75% 2022 MAR 18		4,500,000		5,542
CCP_IRS. R GBP-LIBOR-BBA 6M CM PAY 0.75% 2030 MAR 18		1,350,000		47,555
CCP_IRS. R JPY-LIBOR-BBA 6M CM PAY 0.0% 2021 DEC 03		710,000,000		797
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.3% 2024 AUG 25		1,050,000		12,974
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.5% 2021 DEC 18		1,600,000		5,622
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.5% 2024 DEC 18		1,200,000		12,686
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.5% 2029 DEC 18		1,300,000		47,047
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 2.0% 2050 MAR 20		200,000		4,339
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.25% 2030 JUN 17		400,000		24,267
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.31% 2023 AUG 21		1,300,000		13,233
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.36% 2024 SEP 17		700,000		7,327
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.54% 2021 DEC 19		1,500,000		4,119
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.63% 2030 JAN 06		4,100,000		102,757
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.75% 2020 JUN 20		7,100,000		2,849
CCP_IRS._P CAD-BA-CDOR 3M CME REC 1.9% 2029 DEC 18		2,100,000		–
CCP_IRS._P CAD-BA-CDOR 3M CME REC 2.5% 2029 JUN 19		900,000		–
CCP_IRS._P CAD-BA-CDOR 3M CME REC 1.71% 2029 OCT 02		500,000		–
CCP_IRS._P CAD-BA-CDOR 3M CME REC 2.56% 2049 MAR 07		300,000		–
CCP_IRS._P CAD-BA-CDOR 3M CME REC 2.75% 2048 DEC 18		800,000		–
CCP_IRS._P EUR-EURIBOR-REUTERS REC 0.25% 2050 MAR 18		50,000		–
CCP_IRS._P EUR-EURIBOR-REUTERS REC -0.5% 2025 MAR 18		2,300,000		–
CCP_IRS._P EUR-EURIBOR-REUTERS REC 1.31% 2029 JUN 19		700,000		–
CCP_IRS._P EUR-EURIBOR-REUTERS REC -0.15% 2030 MAR 18		2,850,000		–

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
CCP_IRS._P GBP-LIBOR-BBA 6M CM REC 1.0% 2025 JUN 17		4,900,000		–
CCP_IRS._P GBP-LIBOR-BBA 6M CM REC 0.75% 2025 MAR 18		1,100,000		–
CCP_IRS._P GBP-LIBOR-BBA 6M CM REC 0.75% 2050 MAR 18		600,000		–
CCP_IRS._P JPY-LIBOR-BBA 6M CM REC 0.5% 2049 JUN 19		70,000,000		–
CCP_IRS._P JPY-LIBOR-BBA 6M CM REC 0.04% 2029 NOV 29		80,000,000		–
CCP_IRS._P SEK-STIBOR-SIDE 3M REC 1.0% 2029 JUN 19		800,000		–
CCP_IRS._P USD-LIBOR-BBA 1M CM R USD-LIBOR-BBA 3M 2022 MAR 18		15,200,000		–
CCP_IRS._P USD-LIBOR-BBA 3M CM REC 1.75% 2023 DEC 21		1,400,000		–
CCP_IRS._P USD-LIBOR-BBA 3M CM REC 2.75% 2020 DEC 19		2,900,000		–
CCP_IRS._P ZAR-JIBAR-SAFEX 3M REC 7.25% 2023 JUN 20		2,500,000		–
CCP_IRS._R EUR-EURIBOR-REUTERS PAY 0.25% 2050 MAR 18		1,300,000		–
CCP_IRS._R EUR-EURIBOR-REUTERS PAY -0.3% 2022 JUN 17		2,200,000		–
CCP_IRS._R EUR-EURIBOR-REUTERS PAY -0.5% 2022 MAR 18		3,900,000		–
CCP_IRS._R GBP-LIBOR-BBA 6M CM PAY 1.0% 2029 DEC 18		750,000		–
CCP_IRS._R GBP-LIBOR-BBA 6M CM PAY 1.0% 2030 JUN 17		750,000		–
CCP_IRS._R GBP-LIBOR-BBA 6M CM PAY 0.75% 2022 MAR 18		4,500,000		–
CCP_IRS._R GBP-LIBOR-BBA 6M CM PAY 0.75% 2030 MAR 18		1,350,000		–
CCP_IRS._R JPY-LIBOR-BBA 6M CM PAY 0.0% 2021 DEC 03		710,000,000		–
CCP_IRS._R JPY-LIBOR-BBA 6M CM PAY 0.4% 2039 JUN 19		120,000,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.3% 2024 AUG 25		1,050,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.5% 2021 DEC 18		1,600,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.5% 2024 DEC 18		1,200,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.5% 2029 DEC 18		1,300,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 2.0% 2030 JAN 15		1,600,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 2.0% 2050 MAR 20		200,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 2.5% 2021 DEC 18		4,500,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 2.5% 2024 DEC 18		4,800,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 3.0% 2024 JUN 19		1,400,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.25% 2030 JUN 17		400,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.31% 2023 AUG 21		1,300,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.36% 2024 SEP 17		700,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.54% 2021 DEC 19		1,500,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.63% 2030 JAN 06		4,100,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.75% 2020 JUN 20		7,100,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 2.25% 2028 JUN 20		200,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 2.25% 2050 MAR 12		300,000		–
CCP_IRS_R US0003M P US0001M 2022 APR 26		5,500,000		–
CCP_IRS_R US0003M P US0001M 2023 APR 27		2,900,000		–
CCP_OIS. R USD FEDL01 1D CME PAY 0.01% 2021 SEP 15		10,300,000		23,531
CCP_OIS._R USD FEDL01 1D CME PAY 0.01% 2021 SEP 15		10,300,000		–
CCP_OIS._R USD FEDL01 1D CME PAY 0.03% 2025 APR 30		800,000		–
CCP_ZCS. P BRL-CDI 1D CME REC 8.88% 2021 JAN 04		100,000		952
CCP_ZCS._P BRL-CDI 1D CME REC 8.88% 2021 JAN 04		100,000		–
CCS AUD R US3ML/AUD3MBBSW+42.2 P 2029 AUG 27		700,000		493,204
CCS EUR R US3ML-EUR3ML MYC 2030 MAR 18		300,000		336,802
CCS EUR R US3ML-EUR3ML-17.2 2030 JAN 23		900,000		1,009,146
CCS R US3ML-AUD3MBBSW+42 2029 JUL 31		800,000		563,673
CDS FWD EURMARG3 1Q20 7.48 2020 MAR 31		1,200		398
CDS_BP CMZB P 1% 2022 JUN 20		200,000		–
CDS_BP UL JAPAN P 100BPS 2022 JUN 20		1,300,000		–
CDS_BP UL PEOPLE’S REPUBLIC O P 100BPS 2023 JUN 20		400,000		–
CDS_BP UL REPUBLIC OF KOREA P 100BPS 2023 JUN 20		1,000,000		–

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
CDS_SP UL REPUBLIC OF SOUTH A R 100BPS 2023 DEC 20		100,000		–
CDS_SP UL REPUBLIC OF SOUTH A R 100BPS 2023 JUN 20		100,000		–
CELLTRION INC TRS		772		9,551
CELLTRION_INC TRS		13,402		–
CHICAGO ETHANOL S FUTURE (NYM) EXP FEB 20		703,092		–
CHICAGO ETHANOL S FUTURE (NYM) EXP JAN 20		171,363		–
CHICAGO ETHANOL S FUTURE (NYM) EXP MAR 20		355,326		–
CMS FWD EBOBFUEL 12-20MAC 2020 DEC 31		2,400		10,872
CNH/USD SPOT OPTION 2020 PUT MAR 20 006.900 ED 03/06/20		2,956,000		8,150
COCOA FUTURE (NYB) EXP MAR 20		25,401		–
COFFEE ‘C’ FUTURE (NYB) EXP MAR 20		48,639		–
COM FWD COCL CAL19 -5.38 MAC 2019 DEC 31		1,600		312
COM FWD EBOBFUEL 12-20JPM 2020 DEC 31		2,400		11,050
COM FWD EBOBFUEL CAL20 21.50 2020 DEC 31		480		2,317
COM FWD EURMARG 2H19 6.97 MYC 2019 DEC 31		200		–
COM FWD EURMARG 2H19 MYC 2019 DEC 31		200		–
COM FWD EURMARG 4Q 19 6.08 2019 DEC 31		700		–
COM FWD EURMARG 4Q19 6.00 2019 DEC 31		400		–
COM FWD EURMARG 4Q19 6.06 MYC 2019 DEC 31		400		–
COM FWD EURMARG 4Q19 7.24 23/AUG/2019		1,000		3,312
COM FWD EURMARG CAL19 JPM 2019 DEC 31		700		–
COM FWD EURMARG3 INDEX P US003M+0BPS 2020 DEC 31		1,200		–
COM FWD EURMARG3 CAL 19 MYC 2019 DEC 31		400		–
COM FWD EURMARG3 CAL 20 8.75 2020 DEC 31		1,200		–
COM FWD EURMARG3 CAL 20 JPM 2020 DEC 31		2,400		–
COM FWD EURMARG3 CAL20 8.05 2020 DEC 31		19,800		2,889
COM FWD EURMARG3 CAL20 8.10 2020 DEC 31		1,200		145
COM FWD EURMARG3 CAL20 8.5 2020 DEC 31		4,800		–
COM FWD EURMARG3 CAL20 8.52 2020 DEC 31		3,600		–
COM FWD EURMARG3 CAL20 8.58 2020 DEC 31		1,200		–
COM FWD EURMARG3 CAL20 8.95 2020 DEC 31		1,200		–
COM FWD EUROBOBCO CAL20 6.80 2020 DEC 31		24,000		7,935
COM FWD EUROBOBCO CAL21 4.95 2021 DEC 21		3,600		2,571
COM FWD EUROBOBCO CAL21 4.97 2021 DEC 31		2,400		1,262
COM FWD EUROBOBCO CAL21 MYC 2021 DEC 31		4,800		1,052
COM FWD FUELCO 4Q19 -16.15 2019 DEC 31		103		–
COM FWD FUELCO 4Q19 BPS 2019 DEC 31		1,400		12,038
COM FWD FUELCO 4Q19 JPM 2019 DEC 31		400		3,539
COM FWD KWH0 429 2020 FEB 21		40,000		10,269
COM FWD KWH0 429 JPM 21 FEB 2020		20,000		5,135
COM FWD KWH0 430.5 CBK 2020 FEB 21		40,000		9,970
COM FWD KWH0 433.75 JPM 2020 FEB 21		20,000		4,661
COM FWD KWH0 442 JPM 2020 FEB 21		30,000		5,758
COM FWD KWHO 427.25 JPM 2020 FEB 21		20,000		5,309
COM FWD LLSDUB CAL20 -0.20 2020 DEC 31		4,800		1,199
COM FWD MEHDUB 1H20 0.90 2020 JUN 30		1,200		805
COM FWD MEHDUB 1H20 1.18 2020 JUNE 30		7,200		5,835
COM FWD MEHDUB 1H20 1.21 2020 JUNE 30		2,400		1,981
COM FWD MEHMIDCAL20-21 CBK 2021 DEC 31		9,200		–
COM FWD PLATGOLD F0-598.75 2020 JAN 08		200		4,193
COM FWD S HO 962.625 JPM 2020 FEB 21		70,000		3,533
COM FWD W H0 510.7565 JPM 2020 FEB 21		10,000		–

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
COM FWD W H0 512.5 JPM 21 FEB 2020		45,000		–
COM FWD W H0 512.75 JPM 21 FEB 2020		10,000		–
COM FWD W N0 532.75 JPM 2020 JUN 26		110,000		–
COM FWD WURMARG CAL 19 6.25 2019 DEC 31		100		–
COM UL COM FWD EURMARG 2H19 6. 2019 DEC 31		100		–
COM UL COM FWD EURMARG 2Q4Q19 2019 DEC 31		100		–
COM UL COM FWD EURMARG 4Q19 5. 2019 DEC 31		400		–
COM UL COM FWD EURMARG CAL19 6 2019 DEC 31		600		–
COM UL COM FWD EURMARG3 CAL19 2019 DEC 31		100		–
COM UL COM FWD EURMARG3 CAL20 2020 DEC 31		2,700		–
COM UL COM FWD JETBRENT 4Q19 - 2019 DEC 31		289		–
COM UL COM FWD MEHCO CAL20 -3. 2020 DEC 31		24,000		15,593
COM UL FWD LLSDUB CAL20 -0.30 2020 DEC 31		4,800		1,436
COM_FWD JETBRENT CAL19 0 BPS 2019 DEC 31		578		397
COM_UL EUROBOBCO INDEX P 0% 31 BPS 2021 DEC 31		2,400		–
COMM SWAP R SPGCESP(RRE) CME 2020 MAR 31		1,824		–
COMMIT TO PUR FNMA SF MTG 2.500% 01/01/2050 DD 01/01/20		500,000		5,605
COMMIT TO PUR FNMA SF MTG 3.000% 02/01/2050 DD 02/01/20		2,100,000		27,867
COMMIT TO PUR FNMA SF MTG 3.500% 01/01/2050 DD 01/01/20		11,500,000		330,176
COMMIT TO PUR FNMA SF MTG 4.000% 01/01/2050 DD 01/01/20		2,000,000		80,156
COMMIT TO PUR FNMA SF MTG 4.000% 02/01/2050 DD 02/01/20		17,800,000		721,039
COMMONWEALTH BANK OF AUSTRAL TRS		24,302		–
COMMSCOPE HOLDING CO INC TRS		123,028		176,338
COMMSCOPE_HOLDING CO INC TRS		34,900		55,496
COPPER FUTURE (CMX) EXP MAR 20		978,964		–
COPPER FUTURE (LME) EXP MAR 20		771,880		–
CORN FUTURE (CBT) EXP DEC 20		281,764		–
CORN FUTURE (CBT) EXP JUL 20		501,275		–
CORN FUTURE (CBT) EXP MAR 20		620,432		–
CORN FUTURE (CBT) EXP MAY 20		532,940		–
COTTON NO 2 FUTURE (NYB) EXP MAR 20		103,578		–
CRUDE OIL FUTURE (NYM) EXP JUL 21		379,057		–
CSL LTD TRS		8,196		–
DAIFUKU CO LTD TRS		11,486		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP APR 20		1,022		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP AUG 20		1,011		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP DEC 20		991		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP FEB 20		282		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP JUL 20		1,011		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP JUN 20		1,181		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP MAR 20		41		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP MAY 20		1,231		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP NOV 20		991		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP OCT 20		991		–
DTD BRT/BRT 1ST LN FUT (ICE) EXP SEP 20		1,011		–
ESSILORLUXOTTICA TRS		809		–
ESSILORLUXOTTICA_ TRS		1,386		–
EURO BUXL 30Y BND FUTURE (EUX) EXP MAR 20		1,113,413		–
EURO-BOBL FUTURE (EUX) EXP MAR 20		3,600,016		–
EURO-BTP FUTURE (EUX) EXP MAR 20		5,916,757		–
EURO-BUND FUTURE (EUX) EXP MAR 20		8,037,793		–
EURO-OAT FUTURE (EUX) EXP MAR 20		548,131		–

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
EURO-SCHATZ FUTURE (EUX) EXP MAR 20		15,073,724		–
FORTESCUE METALS GROUP LTD TRS		321,261		–
GASOLINE RBOB FUTURE (NYM) EXP MAR 20		286,108		–
GLOBEX NATURL GAS FUTURE (NYM) EXP MAR 20		21,581		–
GOLD 100 OZ FUTURE (CMX) EXP APR 20		152,931		–
GOLD 100 OZ FUTURE (CMX) EXP FEB 20		1,218,488		–
HAMMERSON PLC TRS		28,390		–
HAMMERSON_PLC TRS		179,733		–
HARMONIC DRIVE SYSTEMS INC TRS		4,703		–
HARMONIC_DRIVE SYSTEMS INC TRS		17,283		–
HSBC HOLDINGS PLC TRS		35,224		–
HSBC HOLDINGS TRS		59,927		1,270
IMPERIAL BRANDS PLC TRS		143,172		159,787
INDORAMA VENTURES PCL-NVDR TRS		644,858		903
IRS P CNY-7D FIXING REPO RATE R 3.01% 2024 JUN 19		7,400,000		4,313
IRS P CNY-7D FIXING REPO RATE R 3.03% 2024 JUN 19		8,100,000		5,701
IRS P ILS-TELBOR01-REUTERS 3M R 1.76% 2029 APR 29		400,000		9,824
IRS P ILS-TELBOR01-REUTERS 3M R 1.78% 2029 APR 25		400,000		10,032
IRS P ILS-TELBOR-REFERENCE BA R 1.78% 2029 MAY 01		500,000		12,436
IRS P ILS-TELBOR-REFERENCE BA R 1.79% 2029 APR 25		700,000		17,499
IRS R US0003M P US0001M+11.7 BPS 2020 MAR 02		2,100,000		197
IRS_P CNY-7D FIXING REPO RATE R 2.79% 2024 JUL 05		6,900,000		–
IRS_P CNY-7D FIXING REPO RATE R 2.84% 2024 JUL 25		8,100,000		–
IRS_P CNY-7D FIXING REPO RATE R 3.01% 2024 JUN 19		7,400,000		–
IRS_P CNY-7D FIXING REPO RATE R 3.03% 2024 JUN 19		8,100,000		–
IRS_P ILS-TELBOR01-REUTERS 3M R 1.76% 2029 APR 29		400,000		–
IRS_P ILS-TELBOR01-REUTERS 3M R 1.78% 2029 APR 25		400,000		–
IRS_P ILS-TELBOR-REFERENCE BA R 1.78% 2029 MAY 01		500,000		–
IRS_P ILS-TELBOR-REFERENCE BA R 1.79% 2029 APR 25		700,000		–
IRS_R US0003M P US0001M+11.7 BPS 2020 MAR 02		2,100,000		–
JANUS HENDERSON GROUP TRS		8,966		5,747
JAPAN POST BANK CO LTD TRS		108,480		64,504
KC HRW WHEAT FUTURE (CBT) EXP JUL 20		25,064		–
KC HRW WHEAT FUTURE (CBT) EXP MAR 20		631,826		–
KC HRW WHEAT FUTURE (CBT) EXP MAY 20		321,276		–
LIVE CATTLE FUTURE (CME) EXP FEB 20		302,226		–
LLS ARGUS V WTI S FUTURE (NYM) EXP APR 20		3,351		–
LLS ARGUS V WTI S FUTURE (NYM) EXP AUG 20		3,181		–
LLS ARGUS V WTI S FUTURE (NYM) EXP DEC 20		2,921		–
LLS ARGUS V WTI S FUTURE (NYM) EXP FEB 20		3,421		–
LLS ARGUS V WTI S FUTURE (NYM) EXP JAN 20		3,781		–
LLS ARGUS V WTI S FUTURE (NYM) EXP JUL 20		3,221		–
LLS ARGUS V WTI S FUTURE (NYM) EXP JUN 20		3,251		–
LLS ARGUS V WTI S FUTURE (NYM) EXP MAR 20		3,361		–
LLS ARGUS V WTI S FUTURE (NYM) EXP MAY 20		3,321		–
LLS ARGUS V WTI S FUTURE (NYM) EXP NOV 20		3,081		–
LLS ARGUS V WTI S FUTURE (NYM) EXP OCT 20		3,101		–
LLS ARGUS V WTI S FUTURE (NYM) EXP SEP 20		3,131		–
LONDON STOCK EXCHANGE GROUP ORD TRS		7,648		48,338
LONG GILT FUTURE (ICF) EXP MAR 20		174,047		–
LOW SU GASOIL G FUTURE (ICE) EXP MAR 20		489,008		–
NAT GAS EUR FUTUREMAR 20 CALL MAR 20 003.000 ED 022520		2		268

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
NATURAL GAS FUTURE (NYM) EXP APR 20		42,982		–
NATURAL GAS FUTURE (NYM) EXP APR 21		114,505		–
NATURAL GAS FUTURE (NYM) EXP FEB 20		21,891		–
NATURAL GAS FUTURE (NYM) EXP JAN 21		190,407		–
NATURAL GAS FUTURE (NYM) EXP MAR 20		64,743		–
NATURAL GAS FUTURE (NYM) EXP MAY 21		45,282		–
NATURAL GAS FUTURE (NYM) EXP OCT 20		23,461		–
NICKEL FUTURE (LME) EXP MAR 20		252,453		–
NIKON 50 TRS		83,602		11,074
NIPPON PAPER INDUSTRIES CO L TRS		36,932		36,004
NOK/EUR SPOT OPTION 2020 PUT JAN 20 009.900 ED 012020		450,000		3,800
NY HARB ULSD FUTURE (NYM) EXP MAR 20		84,694		–
PEPTIDREAM INC TRS		10,178		–
PEPTIDREAM_INC TRS		20,538		–
PLATINUM FUTURE (NYM) EXP APR 20		684,474		–
ROLLS-ROYCE HOLDINGS PLC PFD TRS		8,583,508		5,685
ROLLS-ROYCE HOLDINGS PLC TRS		130,001		–
ROLLS-ROYCE_HOLDINGS PLC TRS		336,716		–
SAMSUNG BIOLOGICS CO LTD TRS		1,492		–
SHORT EURO-BTP FUTURE (EUX) EXP MAR 20		4,795,740		–
SILVER FUTURE (CMX) EXP MAR 20		89,606		–
SOYBEAN FUTURE (CBT) EXP MAR 20		477,760		–
SOYBEAN FUTURE (CBT) EXP MAY 20		193,754		–
SUGAR #11 WORLD FUTURE (NYB) EXP MAR 20		375,785		–
SUGAR #11 WORLD FUTURE (NYB) EXP MAY 20		90,995		–
TAKEDA PHARMACEUTICAL CO LTD TRS		7,047		–
TAKEDA_PHARMACEUTICAL CO LTD TRS		11,443		–
TRS COMM SWAP R SPGCESP (RRE) CME 2020 MAR 31		178		–
TRS COMM TBL-BCOMF1TC+15BPS 2020 FEB 14		53,520		108,003
TRS EL SPGCESTR INDEX P TBILDI3M 16 BPS 2020 FEB 14		340,426		431,309
TRS EL SPGCESTR INDEX P TBILDI3M 17 BPS 2020 FEB 14		50,053		456,413
TRS EL UL BCOMTR INDEX P TBILL3M + 13BPS 2020 JAN 15		36,068		–
TRS EL UL CIBZC17F INDEX 2020 FEB 14 CIB		746,318		–
TRS EL UL JMABDEWE INDEX P 30BPS 2020 FEB 14 JPM		1,920,178		38,976
TRS EL UL MQCP235E INDEX 2020 FEB 14		7,125		10,971
TRS FL JPMABFNJ2 P 0% 2020 DEC 31		3,667,948		–
TRS FL UL CVICXMB2 INDEX P 17 BPS 2020 FEB 14		1,032,456		–
TRS FL UL JMABCT3E INDEX P 15BPS 2020 FEB 14		7,338,702		–
TRS FL_UL CIBZC17F INDEX 2020 FEB 14 CIB		7,130		10,991
TRS FL_UL MQCP235E INDEX 2020 FEB 14		745,676		–
TRS_3ML-IBOXIG INDX 2020 MAR 20		1,200,000		–
TRS_COMM TBL-BCOMF1TC+15BPS 2020 FEB 14		53,520		–
TRS_EL BCOM INDEX P TBILL 2020 FEB 14		10,012		36
TRS_EL COMM SWAP JMABFNJ2 P 0+0 BPS 2019 DEC 31		38,610		–
TRS_FL BCOM INDEX P TBILL 2020 FEB 14		10,012		–
TRS_FL BCOMF1TN INDEX P 0% 12 BPS 2020 FEB 14		1,187,160		–
TRS_FL JPMABFNJ2 P 0% 2020 DEC 31		38,610		–
TRS_FL SPGCESTR INDEX P TBILDI3M 16 BPS 2020 FEB 14		21,104,911		–
TRS_FL SPGCESTR INDEX P TBILDI3M 17 BPS 2020 FEB 14		21,802,445		–
US 10YR NOTE FUTURE (CBT) EXP MAR 20		9,374,870		–
US 10YR ULTRA FUTURE (CBT) EXP MAR 20		3,236,195		–
US 2YR NOTE FUTURE (CBT) EXP MAR 20		42,884,699		–

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
US 5YR NOTE FUTURE (CBT) EXP MAR 20		23,959,296		–
US TREAS BD FUTURE (CBT) EXP MAR 20		4,365,403		–
US ULTRA BOND (CBT) EXP MAR 20		3,269,831		–
VARS GOLDLNPM 0.01782225 SOG 2020 JUN 08		599,240		1,479
VARS GOLDLNPM 0.0196 MYC 2020 MAY 12		714,280		2,518
VARS SLVRLND 0.045796 MYC 2020 MAY 12		233,640		–
VOLS EURCHF 0.0441 SOG 2020 JUN 08		190,480		–
WEIR GROUP PLC/THE TRS		32,964		16,592
WEIR_GROUP PLC/THE TRS		235,180		101,560
WESFARMERS LTD TRS		41,678		–
WHEAT FUTURE (CBT) EXP JUL 20		648,048		–
WHEAT FUTURE (CBT) EXP MAR 20		754,340		–
WHEAT FUTURE (CBT) EXP MAY 20		926,921		–
WHITE SUGAR FUTURE (ICE) EXP MAR 20		233,493		–
WHITE SUGAR FUTURE (ICE) EXP MAY 20		127,617		–
WTI CRUDE FUT (NYM) FEB 20 PUT FEB 20 055.000 ED 01/15/20		2		320
WTI CRUDE FUTURE (ICE) EXP DEC 20		395,087		–
WTI CRUDE FUTURE (ICE) EXP DEC 21		212,284		–
WTI CRUDE FUTURE (ICE) EXP JUN 20		59,441		–
WTI CRUDE FUTURE (ICE) EXP JUN 21		762,174		–
WTI CRUDE FUTURE (ICE) EXP MAR 20		486,168		–
WTI CRUDE FUTURE (NYM) EXP DEC 20		1,411,025		–
WTI CRUDE FUTURE (NYM) EXP DEC 21		2,759,692		–
WTI CRUDE FUTURE (NYM) EXP DEC 22		1,083,201		–
WTI CRUDE FUTURE (NYM) EXP DEC 23		359,177		–
WTI CRUDE FUTURE (NYM) EXP FEB 20		366,366		–
WTI CRUDE FUTURE (NYM) EXP JUN 20		3,863,665		–
WTI CRUDE FUTURE (NYM) EXP JUN 21		4,191,957		–
WTI CRUDE FUTURE (NYM) EXP JUN 22		1,146,222		–
WTI CRUDE FUTURE (NYM) EXP MAR 20		2,977,779		–
WTI CRUDE FUTURE (NYM) EXP MAR 21		3,208,618		–
WTI CRUDE FUTURE (NYM) EXP MAY 21		382,907		–
WTI CRUDE FUTURE (NYM) EXP SEP 20		751,023		–
WTI CRUDE FUTURE (NYM) JUN 20 CALL JUN 20 059.500 ED 051420		25		92,750
WTI CRUDE FUTURE (NYM) JUN 20 PUT JUN 20 059.500 ED 05/14/20		25		94,250
WTI CRUDE FUTURE JUN 20 CALL JUN 20 065.000 ED 051420		10		14,000
WTI-BRENT ICE SW FUTURE (NYM) EXP APR 20		9,541		–
WTI-BRENT ICE SW FUTURE (NYM) EXP AUG 20		9,391		–
WTI-BRENT ICE SW FUTURE (NYM) EXP DEC 20		9,141		–
WTI-BRENT ICE SW FUTURE (NYM) EXP FEB 20		9,171		–
WTI-BRENT ICE SW FUTURE (NYM) EXP JAN 20		8,751		–
WTI-BRENT ICE SW FUTURE (NYM) EXP JUL 20		9,421		–
WTI-BRENT ICE SW FUTURE (NYM) EXP JUN 20		9,601		–
WTI-BRENT ICE SW FUTURE (NYM) EXP MAR 20		9,411		–
WTI-BRENT ICE SW FUTURE (NYM) EXP MAY 20		9,601		–
WTI-BRENT ICE SW FUTURE (NYM) EXP NOV 20		9,231		–
WTI-BRENT ICE SW FUTURE (NYM) EXP OCT 20		9,251		–
WTI-BRENT ICE SW FUTURE (NYM) EXP SEP 20		9,331		–
ZINC FUTURE (LME) EXP MAR 20		170,609		–
Total Derivative Assets			$	7,296,705
Total Investment Assets (at fair value)			$	8,361,336,324

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value			Current Value
Separately Managed Accounts
Common Stock Liabilities
ALTICE USA INC		(66,735	)	$	(1,824,535	)
AT&T INC		(20,839	)		(814,388	)
CANON INC ADR		(5,414	)		(148,073	)
CENTURYLINK INC		(107,028	)		(1,413,840	)
CH ROBINSON WORLDWIDE INC		(9,061	)		(708,570	)
CHARTER COMMUNICATIONS INC		(4,361	)		(2,115,534	)
CHILDREN’S PLACE INC/THE		(9,626	)		(601,818	)
CHUBB LTD		(4,458	)		(693,932	)
CIENA CORP		(15,973	)		(681,887	)
CIRRUS LOGIC INC		(4,849	)		(399,606	)
CREE INC		(15,672	)		(723,263	)
DISCOVERY INC		(20,902	)		(684,331	)
DISH NETWORK CORP		(37,222	)		(1,320,364	)
GAMESTOP CORP		(102,912	)		(625,705	)
GENTEX CORP		(22,221	)		(643,965	)
GOPRO INC		(88,759	)		(385,214	)
HCA HEALTHCARE INC		(2,330	)		(344,397	)
HENNES & MAURITZ AB		(148,296	)		(3,017,648	)
HENRY SCHEIN INC		(14,489	)		(966,706	)
HSBC HOLDINGS PLC ADR		(3,496	)		(136,659	)
HUB GROUP INC		(9,843	)		(504,847	)
IROBOT CORP		(26,287	)		(1,330,911	)
JANUS HENDERSON GROUP PLC		(15,906	)		(388,902	)
JB HUNT TRANSPORT SERVICES INC		(23,736	)		(2,771,890	)
JC PENNEY CO INC		(232,081	)		(259,931	)
JM SMUCKER CO/THE		(6,385	)		(664,870	)
LOGITECH INTERNATIONAL SA		(22,798	)		(1,078,767	)
MACY’S INC		(17,718	)		(301,206	)
MANHATTAN ASSOCIATES INC		(7,975	)		(636,006	)
MATTEL INC		(124,711	)		(1,689,834	)
MEREDITH CORP		(37,983	)		(1,233,308	)
MOWI ASA		(76,455	)		(1,985,483	)
NEW YORK TIMES CO/THE		(47,970	)		(1,543,195	)
OMNICOM GROUP INC		(8,188	)		(663,392	)
SHOPIFY INC		(2,843	)		(1,130,320	)
SINCLAIR BROADCAST GROUP INC		(17,347	)		(578,349	)
SNAP INC		(33,997	)		(555,171	)
SONOS INC		(35,593	)		(555,963	)
SONOVA HOLDING AG		(1,274	)		(291,414	)
SWISSCOM AG		(3,855	)		(2,040,660	)
TRAVELERS COS INC/THE		(2,503	)		(342,786	)
UBIQUITI INC		(3,833	)		(724,360	)
ULTA BEAUTY INC		(2,735	)		(692,338	)
WADDELL & REED FINANCIAL INC		(41,823	)		(699,281	)
WESTERN UNION CO/THE		(40,514	)		(1,084,965	)
WIRECARD AG		(9,520	)		(1,148,767	)
ZEBRA TECHNOLOGIES CORP		(3,956	)		(1,010,521	)
ZSCALER INC		(26,957	)		(1,253,501	)
Total Common Stock Liabilities				$	(45,411,373	)

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value			Current Value
Fixed Income Security Liabilities
GOVERNMENT OF CANADA 2.000% 01-JUN-2028 SER H235		(200,000	)	$	(157,580	)
Total Fixed Income Security Liabilities				$	(157,580	)
Mutual Funds Liabilities
SPDR S&P BIOTECH ETF		(18,329	)	$	(1,743,371	)
Total Mutual Funds Liabilities				$	(1,743,371	)
Real Estate Investment Trusts Liabilities
UNIBAIL-RODAMCO-WESTFIELD		(2,594	)	$	(409,540	)
Total Real Estate Investment Trusts Liabilities				$	(409,540	)
Derivative Liabilities
BRENT CRUDE FUT (ICE) JUN 20 CALL JUN 20 066.000 ED 042720		25		$	(71,250	)
BRENT CRUDE FUT (ICE) JUN 20 PUT JUN 20 066.000 ED 04/27/20		25			(119,250	)
BRENT CRUDE FUT (ICE) MAR 20 CALL MAR 20 067.000 ED 012820		12			(15,600	)
CANON TRS		34,490			(5,920	)
CCP CDX_BP CDX IG33 10Y ICE P 1% 2029 DEC 20		8,000,000			(69,048	)
CCP IRS P US0003M INDEX (OTC) PUT AUG 20 001.456 ED 08/19/20		3,300,000			(28,655	)
CCP IRS P US0003M INDEX (OTC) PUT AUG 21 001.448 ED 08/23/21		2,500,000			(34,960	)
CCP IRS P US0003M INDEX 083124 PUT AUG 21 001.399 ED 082621		3,300,000			(49,113	)
CCP IRS P US0003M INDEX PUT SEP 21 001.880 ED 091521		2,500,000			(18,728	)
CCP IRS P US0003M R 1.249% 2024 AUG 31		1,400,000			(17,299	)
CCP IRS P US0006M INDEX PUT JUN 20 00.0465 ED 06/29/20		165,000,000			(2,363	)
CCP IRS R 1.6% P US0003M LCH PUT JUN 20 001.600 ED 060820		7,200,000			(10,930	)
CCP IRS R 1.6% P US0003M LCH PUT JUN 20 001.600 ED 060920		4,800,000			(7,366	)
CCP_CDS. BP UL RAI CME PAY 100BPS 2020 DEC 21		300,000			(2,762	)
CCP_CDS. BP UL UNITED UTILITIE PAY 100BPS 2020 DEC 20		100,000			(1,016	)
CCP_CDX. BP UL CDX.NA.IG.32_V1 PAY 100BPS 2029 JUN 20		2,500,000			(28,223	)
CCP_CDX. BP UL CDX-NAIGS33V1-5 PAY 100BPS 2024 DEC 20		300,000			(7,778	)
CCP_CDX. BP UL ITRAXX EUROPE S PAY 100BPS 2029 JUN 20		4,600,000			(88,631	)
CCP_CDX. BP UL ITRAXX_EUROPE_3 PAY 100BPS 2024 JUN 20		200,000			(6,252	)
CCP_IRS. P CAD-BA-CDOR 3M CME REC 1.9% 2029 DEC 18		2,100,000			(39,236	)
CCP_IRS. P CAD-BA-CDOR 3M CME REC 1.71% 2029 OCT 02		500,000			(15,456	)
CCP_IRS. P EUR-EURIBOR-REUTERS REC 0.25% 2050 MAR 18		50,000			(6,270	)
CCP_IRS. P EUR-EURIBOR-REUTERS REC -0.5% 2025 MAR 18		2,300,000			(53,956	)
CCP_IRS. P EUR-EURIBOR-REUTERS REC -0.15% 2030 MAR 18		2,850,000			(124,238	)
CCP_IRS. P GBP-LIBOR-BBA 6M CM REC 0.75% 2025 MAR 18		1,100,000			(10,232	)
CCP_IRS. P GBP-LIBOR-BBA 6M CM REC 0.75% 2050 MAR 18		600,000			(76,447	)
CCP_IRS. P JPY-LIBOR-BBA 6M CM REC 0.04% 2029 NOV 29		80,000,000			(7,099	)
CCP_IRS. R JPY-LIBOR-BBA 6M CM PAY 0.4% 2039 JUN 19		120,000,000			(12,213	)
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 2.0% 2030 JAN 15		1,600,000			(15,276	)
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 2.5% 2021 DEC 18		4,500,000			(71,231	)
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 2.5% 2024 DEC 18		4,800,000			(178,172	)
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 3.0% 2024 JUN 19		1,400,000			(77,881	)
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 2.25% 2028 JUN 20		200,000			(6,543	)
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 2.25% 2050 MAR 12		300,000			(10,725	)
CCP_OIS. R USD FEDL01 1D CME PAY 0.03% 2025 APR 30		800,000			(48,874	)
CCS USD P US3ML-AUD3MBBSW+42 2029 JUL 31		552,000			(552,000	)
CCS USD P US3ML-EUR3ML-16.2 VAR RT 03/18/2030 DD 03/18/20		335,400			(335,400	)
CCS USD P US3ML-EUR3ML-17.2 2030 JAN 23		1,008,000			(1,008,095	)
CDS BP CMZB P 1% 2022 JUN 20		200,000			(1,921	)

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
CDS BP UL JAPAN P 100BPS 2022 JUN 20		1,300,000		(29,072	)
CDS BP UL PEOPLE’S REPUBLIC O P 100BPS 2023 JUN 20		400,000		(11,028	)
CDS BP UL REPUBLIC OF KOREA P 100BPS 2023 JUN 20		1,000,000		(29,196	)
CDS SP UL REPUBLIC OF SOUTH A R 100BPS 2023 DEC 20		100,000		(1,343	)
CDS SP UL REPUBLIC OF SOUTH A R 100BPS 2023 JUN 20		100,000		(765	)
CDX ITRX.EUR.32.1 5YR SP CALL FEB 20 000.425 ED 021920		200,000		(157	)
CDX ITRX.EUR.32.1 5YR SP CALL FEB 20 000.450 ED 021920		300,000		(455	)
CDX ITRX.EUR.32.1 5YR SP CALL FEB 20 000.475 ED 021920		300,000		(735	)
CDX ITRX.EUR.32.1 5YR SP CALL FEB 20 047.500 ED 021920		200,000		(490	)
CDX ITRX.EUR.32.1 5YR SP CALL JAN 20 000.475 ED 011520		300,000		(583	)
CDX ITRX.EUR.32.1 5YR SP CALL MAR 20 000.425 ED 031820		1,200,000		(1,164	)
CDX ITRX.EUR.32.1 5YR SP CALL MAR 20 000.450 ED 031820		600,000		(1,009	)
CDX ITRX.EUR.32.1 5YR SP PUT FEB 20 000.700 ED 021920		200,000		(28	)
CDX ITRX.EUR.32.1 5YR SP PUT FEB 20 000.800 ED 021920		100,000		(10	)
CDX ITRX.EUR.32.1 5YR SP PUT FEB 20 000.850 ED 021920		200,000		(17	)
CDX ITRX.EUR.32.1 5YR SP PUT FEB 20 000.900 ED 021920		200,000		(15	)
CDX ITRX.EUR.32.1 5YR SP PUT FEB 20 080.000 ED 021920		400,000		(39	)
CDX ITRX.EUR.32.1 5YR SP PUT JAN 20 000.800 ED 011520		300,000		(8	)
CDX ITRX.EUR.32.1 5YR SP PUT MAR 20 000.700 ED 031820		1,200,000		(336	)
CDX ITRX.EUR.32.1 5YR SP PUT MAR 20 000.800 ED 031820		600,000		(110	)
CDX.NA.IG.33.1 5YR SP CALL FEB 20 000.475 ED 021920		400,000		(696	)
CDX.NA.IG.33.1 5YR SP PUT FEB 20 000.725 ED 021920		200,000		(28	)
CDX.NA.IG.33.1 5YR SP PUT FEB 20 000.800 ED 021920		200,000		(25	)
CDX.NA.IG.33.1 5YR SP PUT JAN 20 000.900 ED 011520		200,000		(2	)
CDX.NA.IG.33.1 5YR SP PUT JAN 20 001.000 ED 011520		300,000		(1	)
CDX.NA.IG.33.1 5YR SP PUT JAN 20 090.000 ED 011520		400,000		(5	)
CELLTRION_INC TRS		13,402		(99,896	)
CENTENE CORP CALL JAN 20 065.000 ED 011720		25		(1,688	)
CNH/USD SPOT OPTION 2020 CALL JAN 20 007.080 ED 011520		467,000		(274	)
CNH/USD SPOT OPTION 2020 CALL MAR 20 007.140 ED 030620		1,478,000		(3,423	)
CNH/USD SPOT OPTION 2020 PUT JAN 20 006.950 ED 011520		467,000		(896	)
COM FWD EURMARG 2H19 6.97 MYC 2019 DEC 31		200		(1,271	)
COM FWD EURMARG 2H19 MYC 2019 DEC 31		200		(1,307	)
COM FWD EURMARG 4Q 19 6.08 2019 DEC 31		700		(3,824	)
COM FWD EURMARG 4Q19 6.00 2019 DEC 31		400		(2,153	)
COM FWD EURMARG 4Q19 6.06 MYC 2019 DEC 31		400		(2,177	)
COM FWD EURMARG CAL19 JPM 2019 DEC 31		700		(4,293	)
COM FWD EURMARG3 INDEX P US003M+0BPS 2020 DEC 31		1,200		(1,931	)
COM FWD EURMARG3 CAL 19 MYC 2019 DEC 31		400		(2,332	)
COM FWD EURMARG3 CAL 20 8.75 2020 DEC 31		1,200		(482	)
COM FWD EURMARG3 CAL 20 JPM 2020 DEC 31		2,400		(3,696	)
COM FWD EURMARG3 CAL20 8.5 2020 DEC 31		4,800		(738	)
COM FWD EURMARG3 CAL20 8.52 2020 DEC 31		3,600		(625	)
COM FWD EURMARG3 CAL20 8.58 2020 DEC 31		1,200		(280	)
COM FWD EURMARG3 CAL20 8.95 2020 DEC 31		1,200		(719	)
COM FWD EUROBOBCO CAL21 7.70 2021 DEC 31		1,200		(1,929	)
COM FWD FUELCO 4Q19 -16.15 2019 DEC 31		103		(1,100	)
COM FWD FUELCO CAL 20-13 BPS CALL DEC 20 000.130 ED 123120		2		(259	)
COM FWD MEHMIDCAL20-21 CBK 2021 DEC 31		9,200		(2,177	)
COM FWD QSCOCAL20 @18.1 JPM CALL DEC 20 018.100 ED 123120		2		(2,975	)
COM FWD W H0 510.7565 JPM 2020 FEB 21		10,000		(4,511	)
COM FWD W H0 512.5 JPM 21 FEB 2020		45,000		(19,517	)

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Current Value
COM FWD W H0 512.75 JPM 21 FEB 2020		10,000		(4,312	)
COM FWD W N0 532.75 JPM 2020 JUN 26		110,000		(30,793	)
COM FWD WURMARG CAL 19 6.25 2019 DEC 31		100		(563	)
COM UL COM FWD EURMARG 2H19 6. 2019 DEC 31		100		(634	)
COM UL COM FWD EURMARG 2Q4Q19 2019 DEC 31		100		(596	)
COM UL COM FWD EURMARG 4Q19 5. 2019 DEC 31		400		(1,893	)
COM UL COM FWD EURMARG CAL19 6 2019 DEC 31		600		(3,656	)
COM UL COM FWD EURMARG3 CAL19 2019 DEC 31		100		(541	)
COM UL COM FWD EURMARG3 CAL20 2020 DEC 31		2,700		(1,413	)
COM UL COM FWD JETBRENT 4Q19 - 2019 DEC 31		289		(259	)
COMMIT TO PUR FNMA SF MTG 3.000% 02/01/2050 DD 02/01/20		5,400,000		(71,657	)
COMMIT TO PUR FNMA SF MTG 3.500% 01/01/2035 DD 01/01/20		100,000		(3,652	)
COMMONWEALTH BANK OF AUSTRAL TRS		24,302		(83,162	)
CROWN HOLDINGS INC PUT JAN 20 070.000 ED 01/17/20		24		(1,500	)
CSL LTD TRS		8,196		(430,248	)
DAIFUKU CO LTD TRS		11,486		(124,476	)
ESSILORLUXOTTICA TRS		809		(2,903	)
ESSILORLUXOTTICA_ TRS		1,386		(26,095	)
FLEETCOR TECHNOLOGIES INC PUT JAN 20 290.000 ED 01/17/20		12		(7,140	)
FORTESCUE METALS GROUP LTD TRS		321,261		(519,568	)
HAMMERSON PLC TRS		28,390		(8,031	)
HAMMERSON_PLC TRS		179,733		(62,345	)
HARMONIC DRIVE SYSTEMS INC TRS		4,703		(73,366	)
HARMONIC_DRIVE SYSTEMS INC TRS		17,283		(183,625	)
HSBC HOLDINGS PLC TRS		35,224		(5,479	)
HSBC HOLDINGS TRS		10,859		(2,608	)
INDORAMA VENTURES PCL-NVDR TRS		515,256		(51,399	)
INF FLR US @10-08-21-1Y PUT OCT 22 000.000 ED 100822		750,000		(376	)
INT FLR US @ 0 10 07 21 PUT OCT 22 000.000 ED 100722		1,750,000		(867	)
IRS P CNY-7D FIXING REPO RATE R 2.79% 2024 JUL 05		6,900,000		(5,267	)
IRS P CNY-7D FIXING REPO RATE R 2.84% 2024 JUL 25		8,100,000		(3,799	)
IRS USD R 1.57% CME CALL FEB 20 001.570 ED 022520		5,000,000		(4,052	)
IRS USD R 1.57% CME PUT FEB 20 001.570 ED 022520		5,000,000		(11,914	)
IRS_P US3ML/AUD3MBBSW+42.2 2029 AUG 27		473,620		(473,620	)
NAT GAS EUR FUTURE FEB 20 PUT FEB 20 002.150 ED 01/28/20		2		(1,692	)
NAT GAS EUR FUTURE MAR 20 CALL MAR 20 002.450 ED 022520		12		(6,372	)
NAT GAS EUR FUTURE MAR 20 CALL MAR 20 004.000 ED 022520		4		(176	)
NAT GAS EUR FUTURE MAR 20 PUT MAR 20 001.950 ED 02/25/20		12		(5,760	)
NATURAL GAS SPRD J0-V0 (OTC) PUT MAR 20 000.200 ED 03/26/20		4		(2,000	)
PEPTIDREAM INC TRS		10,178		(31,263	)
PEPTIDREAM_INC TRS		20,538		(42,418	)
ROLLS-ROYCE HOLDINGS PLC TRS		130,001		(173,371	)
ROLLS-ROYCE_HOLDINGS PLC TRS		336,716		(503,244	)
SAMSUNG BIOLOGICS CO LTD TRS		1,492		(165,755	)
TAKEDA PHARMACEUTICAL CO LTD TRS		7,047		(24,710	)
TAKEDA_PHARMACEUTICAL CO LTD TRS		11,443		(9,478	)
TRS 3ML-IBOXIG INDX 2020 MAR 20		1,200,000		(26,066	)
TRS EL COMM SWAP JMABFNJ2 P 0+0 BPS 2019 DEC 31		3,685,832		(5,985	)
TRS EL UL BCOMTR INDEX P TBILL3M + 13BPS 2020 JAN 15		6,212,904		(91,781	)
TRS EL UL JMABCT3E INDEX P 15BPS 2020 FEB 14		63,898		(429	)
US 10YR NOTE FUTURE MAR 20 CALL FEB 20 130.00 ED 01/24/20		6		(469	)
US 10YR NOTE FUTURE MAR 20 CALL FEB 20 130.500 ED 012420		3		(141	)

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Held at End of Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value			Current Value
US 10YR NOTE FUTURE MAR 20 PUT FEB 20 127.000 ED 01/24/20		6			(563	)
US 10YR NOTE FUTURE MAR 20 PUT FEB 20 127.500 ED 01/24/20		3			(563	)
VARS SLVRLND 0.045796 MYC 2020 MAY 12		233,640			(3,218	)
VOLS EURCHF 0.0441 SOG 2020 JUN 08		190,480			(2,111	)
WESFARMERS LTD TRS		41,678			(99,389	)
WTI CRUDE FUT (NYM) FEB 20 CALL FEB 20 061.500 ED 011520		12			(11,640	)
WTI CRUDE FUT (NYM) MAR 20 CALL MAR 20 063.500 ED 021420		12			(11,160	)
WTI CRUDE FUTURE JUN 20 CALL JUN 20 065.000 ED 051420		10			(14,000	)
Total Derivative Liabilities				$	(6,913,762	)
Total Investment Liabilities (at fair value)				$	(54,635,626	)
Total Investment Assets less Investment Liabilities				$	8,306,700,698
*Notes Receivable from Participants with interest rates ranging from 3.25% to 6.50% with maturities up to 10 years				$	26,258,963
Total Investments, net			��	$	8,332,959,661

*	Denotes party-in-interest

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
Securities Purchased Under Agreements to Resell
BANK OF MONTREAL 0.000001% 06 Jun 2		500,000	$	373,566
BANK OF MONTREAL 0.01% 19 Feb 2019		200,000		150,841
BANK OF NOVA SCOTIA 0.00001% 10 Jun 20		500,000		376,832
BANK OF NOVA SCOTIA 0.01% 14 Feb 2019		100,000		75,078
BANK OF NOVA SCOTIA 0.01% 15 Feb 2019		200,000		150,602
BANK OF NOVA SCOTIA 1% 06 Feb 2019		100,000		75,893
BANK OF NOVA SCOTIA 1% 08 Feb 2019		200,000		150,659
BARCLAYS CAPITAL REPO 2.2% 10 Sep 2019		11,200,000		11,200,000
BARCLAYS CAPITAL REPO 2.2% 11 Sep 2019		26,400,000		26,400,000
BARCLAYS CAPITAL REPO 2.47% 09 May 2019		3,500,000		3,500,000
CITIGROUP REPO 2.44% 11 Mar 2019		8,600,000		8,600,000
CITIGROUP REPO 2.45% 02 Jul 2019		1,500,000		1,500,000
CITIGROUP REPO 2.45% 08 Mar 2019		8,300,000		8,300,000
CITIGROUP REPO 2.45% 27 Mar 2019		8,100,000		8,100,000
CITIGROUP REPO 2.46% 10 May 2019		3,000,000		3,000,000
CITIGROUP REPO 2.46% 28 Mar 2019		8,500,000		8,500,000
CITIGROUP REPO 2.47% 07 May 2019		3,200,000		3,200,000
CITIGROUP REPO 2.49% 02 Apr 2019		7,200,000		7,200,000
CITIGROUP REPO 2.5% 08 May 2019		3,200,000		3,200,000
CITIGROUP REPO 2.51% 22 Mar 2019		7,400,000		7,400,000
CITIGROUP REPO 2.51% 29 Mar 2019		7,400,000		7,400,000
CITIGROUP REPO 2.71% 01 Mar 2019		6,400,000		6,400,000
CITIGROUP REPO 2.75% 01 Apr 2019		7,400,000		7,400,000
DEUTSCHE BANK REPO 1.60% 06 Nov 2019		1,300,000		1,300,000
DEUTSCHE BANK REPO 2.4% 07 Feb 2019		5,400,000		5,400,000
DEUTSCHE BANK REPO 2.41% 06 Mar 2019		8,200,000		8,200,000
DEUTSCHE BANK REPO 2.41% 07 Mar 2019		8,200,000		8,200,000
DEUTSCHE BANK REPO 2.41% 25 Mar 2019		7,400,000		7,400,000
DEUTSCHE BANK REPO 2.41% 26 Mar 2019		8,000,000		8,000,000
DEUTSCHE BANK REPO 2.41% 29 Jan 2019		4,700,000		4,700,000
DEUTSCHE BANK REPO 2.42% 05 Mar 2019		7,900,000		7,900,000
DEUTSCHE BANK REPO 2.42% 13 Feb 2019		5,300,000		5,300,000
DEUTSCHE BANK REPO 2.42% 14 Feb 2019		6,300,000		6,300,000
DEUTSCHE BANK REPO 2.42% 23 Jan 2019		4,700,000		4,700,000
DEUTSCHE BANK REPO 2.42% 28 Feb 2019		6,400,000		6,400,000
DEUTSCHE BANK REPO 2.43% 13 Mar 2019		8,500,000		8,500,000
DEUTSCHE BANK REPO 2.43% 15 Feb 2019		6,700,000		6,700,000
DEUTSCHE BANK REPO 2.43% 19 Mar 2019		8,200,000		8,200,000
DEUTSCHE BANK REPO 2.43% 21 Feb 2019		6,600,000		6,600,000
DEUTSCHE BANK REPO 2.43% 26 Feb 2019		6,800,000		6,800,000
DEUTSCHE BANK REPO 2.43% 27 Feb 2019		6,600,000		6,600,000
DEUTSCHE BANK REPO 2.43% 30 Jan 2019		4,500,000		4,500,000
DEUTSCHE BANK REPO 2.44% 14 Mar 2019		7,800,000		7,800,000
DEUTSCHE BANK REPO 2.44% 15 Mar 2019		8,000,000		8,000,000
DEUTSCHE BANK REPO 2.45% 12 Feb 2019		5,900,000		5,900,000
DEUTSCHE BANK REPO 2.45% 15 Apr 2019		5,400,000		5,400,000
DEUTSCHE BANK REPO 2.45% 25 Apr 2019		3,700,000		3,700,000
DEUTSCHE BANK REPO 2.46% 12 Apr 2019		5,600,000		5,600,000
DEUTSCHE BANK REPO 2.46% 16 Apr 2019		5,000,000		5,000,000
DEUTSCHE BANK REPO 2.46% 20 Mar 2019		8,100,000		8,100,000
DEUTSCHE BANK REPO 2.46% 26 Apr 2019		4,300,000		4,300,000
DEUTSCHE BANK REPO 2.47% 11 Apr 2019		5,700,000		5,700,000

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
DEUTSCHE BANK REPO 2.47% 23 Apr 2019		4,000,000		4,000,000
DEUTSCHE BANK REPO 2.47% 29 Apr 2019		4,300,000		4,300,000
DEUTSCHE BANK REPO 2.48% 09 Apr 2019		6,200,000		6,200,000
DEUTSCHE BANK REPO 2.48% 10 Apr 2019		5,900,000		5,900,000
DEUTSCHE BANK REPO 2.49% 08 Apr 2019		6,200,000		6,200,000
DEUTSCHE BANK REPO 2.49% 18 Mar 2019		8,200,000		8,200,000
DEUTSCHE BANK REPO 2.49% 24 Apr 2019		3,900,000		3,900,000
DEUTSCHE BANK REPO 2.5% 21 Mar 2019		8,200,000		8,200,000
DEUTSCHE BANK REPO 2.5% 30 Apr 2019		4,600,000		4,600,000
DEUTSCHE BANK REPO 2.52% 03 May 2019		3,300,000		3,300,000
DEUTSCHE BANK REPO 2.52% 22 Apr 2019		3,800,000		3,800,000
DEUTSCHE BANK REPO 2.55% 18 Apr 2019		3,900,000		3,900,000
DOW CHEMICAL COMPANY 2.73% 19 Jun 2019		800,000		800,000
HITACHI CAP AMER CP 2.7% 25 Apr 2019		600,000		600,000
HSBC BANK CANADA. 0.01% 06 Feb 2019		100,000		75,893
HSBC BANK CANADA. 0.01% 07 Feb 2019		300,000		226,210
HSBC BANK CANADA. 0.01% 08 Feb 2019		200,000		150,659
MERRILL LYNCH REPO 1.56% 20 Dec 2019		36,900,000		36,900,000
MERRILL LYNCH REPO 1.56% 26 Dec 2019		36,300,000		36,300,000
MERRILL LYNCH REPO 1.56% 27 Dec 2019		36,600,000		36,600,000
MERRILL LYNCH REPO 1.57% 30 Dec 2019		36,400,000		36,400,000
MERRILL LYNCH REPO 1.59% 31 Dec 2019		36,700,000		36,700,000
MERRILL LYNCH REPO 1.61% 07 Nov 2019		40,400,000		40,400,000
MERRILL LYNCH REPO 1.61% 08 Nov 2019		40,400,000		40,400,000
MERRILL LYNCH REPO 1.71% 08 Apr 2019		919,750		690,270
MERRILL LYNCH REPO 1.85% 01 Nov 2019		15,600,000		15,600,000
PARIBAS REPO 1.86% 23 Sep 2019		39,600,000		39,600,000
PARIBAS REPO 1.89% 24 Sep 2019		39,300,000		39,300,000
PARIBAS REPO 2.5% 17 Apr 2019		4,300,000		4,300,000
PARIBAS REPO 2.5% 19 Sep 2019		44,300,000		44,300,000
PARIBAS REPO 2.51% 04 Apr 2019		6,600,000		6,600,000
PARIBAS REPO 6.25% 18 Sep 2019		7,800,000		7,800,000
REPO BNP PARIBAS SECURITIES CO -0.6% 01 Mar 2019		100,630		114,592
REPO CREDIT SUISSE 1.52% 23 Dec 2019		36,900,000		36,900,000
REPO CREDIT SUISSE 1.54% 27 Nov 2019		41,500,000		41,500,000
REPO CREDIT SUISSE 1.54% 13 Dec 2019		35,300,000		35,300,000
REPO CREDIT SUISSE 1.55% 16 Dec 2019		35,200,000		35,200,000
REPO CREDIT SUISSE 1.55% 24 Dec 2019		36,600,000		36,600,000
REPO CREDIT SUISSE 1.56% 29 Nov 2019		41,700,000		41,700,000
REPO CREDIT SUISSE 1.56% 04 Dec 2019		39,800,000		39,800,000
REPO CREDIT SUISSE 1.56% 12 Dec 2019		41,000,000		41,000,000
REPO CREDIT SUISSE 1.56% 18 Dec 2019		36,100,000		36,100,000
REPO CREDIT SUISSE 1.56% 19 Dec 2019		37,200,000		37,200,000
REPO CREDIT SUISSE 1.57% 05 Dec 2019		39,800,000		39,800,000
REPO CREDIT SUISSE 1.57% 11 Dec 2019		40,900,000		40,900,000
REPO CREDIT SUISSE 1.58% 05 Nov 2019		39,300,000		39,300,000
REPO CREDIT SUISSE 1.58% 19 Nov 2019		40,900,000		40,900,000
REPO CREDIT SUISSE 1.58% 20 Nov 2019		42,000,000		42,000,000
REPO CREDIT SUISSE 1.58% 06 Dec 2019		40,000,000		40,000,000
REPO CREDIT SUISSE 1.58% 09 Dec 2019		40,700,000		40,700,000
REPO CREDIT SUISSE 1.58% 10 Dec 2019		40,800,000		40,800,000
REPO CREDIT SUISSE 1.59% 04 Nov 2019		39,200,000		39,200,000
REPO CREDIT SUISSE 1.59% 06 Nov 2019		40,200,000		40,200,000

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
REPO CREDIT SUISSE 1.60% 21 Nov 2019		40,000,000		40,000,000
REPO CREDIT SUISSE 1.60% 26 Nov 2019		41,400,000		41,400,000
REPO CREDIT SUISSE 1.61% 12 Nov 2019		40,600,000		40,600,000
REPO CREDIT SUISSE 1.61% 14 Nov 2019		40,700,000		40,700,000
REPO CREDIT SUISSE 1.61% 18 Nov 2019		40,800,000		40,800,000
REPO CREDIT SUISSE 1.61% 22 Nov 2019		40,300,000		40,300,000
REPO CREDIT SUISSE 1.61% 25 Nov 2019		40,900,000		40,900,000
REPO CREDIT SUISSE 1.62% 13 Nov 2019		40,700,000		40,700,000
REPO CREDIT SUISSE 1.62% 15 Nov 2019		40,900,000		40,900,000
REPO CREDIT SUISSE 1.65% 02 Dec 2019		41,600,000		41,600,000
REPO CREDIT SUISSE 1.65% 17 Dec 2019		35,300,000		35,300,000
REPO CREDIT SUISSE 1.67% 03 Dec 2019		40,000,000		40,000,000
REPO CREDIT SUISSE 1.82% 30 Oct 2019		40,100,000		40,100,000
REPO CREDIT SUISSE 1.84% 31 Oct 2019		40,100,000		40,100,000
REPO CREDIT SUISSE 1.85% 28 Oct 2019		40,600,000		40,600,000
REPO CREDIT SUISSE 1.85% 29 Oct 2019		41,000,000		41,000,000
REPO CREDIT SUISSE 1.86% 04 Oct 2019		38,500,000		38,500,000
REPO CREDIT SUISSE 1.86% 07 Oct 2019		38,500,000		38,500,000
REPO CREDIT SUISSE 1.87% 02 Oct 2019		39,200,000		39,200,000
REPO CREDIT SUISSE 1.87% 03 Oct 2019		39,000,000		39,000,000
REPO CREDIT SUISSE 1.87% 08 Oct 2019		38,600,000		38,600,000
REPO CREDIT SUISSE 1.88% 09 Oct 2019		38,600,000		38,600,000
REPO CREDIT SUISSE 1.88% 10 Oct 2019		38,500,000		38,500,000
REPO CREDIT SUISSE 1.88% 15 Oct 2019		39,000,000		39,000,000
REPO CREDIT SUISSE 1.89% 11 Oct 2019		38,700,000		38,700,000
REPO CREDIT SUISSE 1.89% 22 Oct 2019		39,700,000		39,700,000
REPO CREDIT SUISSE 1.90% 24 Oct 2019		39,800,000		39,800,000
REPO CREDIT SUISSE 1.90% 25 Oct 2019		40,200,000		40,200,000
REPO CREDIT SUISSE 1.92% 21 Oct 2019		36,400,000		36,400,000
REPO CREDIT SUISSE 1.92% 23 Oct 2019		39,600,000		39,600,000
REPO CREDIT SUISSE 2% 25 Sep 2019		39,500,000		39,500,000
REPO CREDIT SUISSE 2.00% 18 Oct 2019		36,400,000		36,400,000
REPO CREDIT SUISSE 2.04% 16 Oct 2019		39,500,000		39,500,000
REPO CREDIT SUISSE 2.11% 17 Oct 2019		39,400,000		39,400,000
REPO CREDIT SUISSE 2.13% 09 Aug 2019		36,100,000		36,100,000
REPO CREDIT SUISSE 2.14% 23 Aug 2019		37,600,000		37,600,000
REPO CREDIT SUISSE 2.14% 27 Aug 2019		37,600,000		37,600,000
REPO CREDIT SUISSE 2.15% 07 Aug 2019		38,600,000		38,600,000
REPO CREDIT SUISSE 2.15% 08 Aug 2019		37,600,000		37,600,000
REPO CREDIT SUISSE 2.15% 22 Aug 2019		37,700,000		37,700,000
REPO CREDIT SUISSE 2.15% 26 Aug 2019		38,000,000		38,000,000
REPO CREDIT SUISSE 2.16% 12 Aug 2019		36,400,000		36,400,000
REPO CREDIT SUISSE 2.16% 20 Aug 2019		33,800,000		33,800,000
REPO CREDIT SUISSE 2.16% 30 Aug 2019		38,000,000		38,000,000
REPO CREDIT SUISSE 2.18% 06 Aug 2019		39,200,000		39,200,000
REPO CREDIT SUISSE 2.18% 10 Sep 2019		28,000,000		28,000,000
REPO CREDIT SUISSE 2.18% 13 Aug 2019		37,300,000		37,300,000
REPO CREDIT SUISSE 2.18% 19 Aug 2019		37,100,000		37,100,000
REPO CREDIT SUISSE 2.18% 21 Aug 2019		34,100,000		34,100,000
REPO CREDIT SUISSE 2.18% 29 Aug 2019		37,800,000		37,800,000
REPO CREDIT SUISSE 2.19% 11 Sep 2019		13,100,000		13,100,000
REPO CREDIT SUISSE 2.2% 09 Sep 2019		39,100,000		39,100,000
REPO CREDIT SUISSE 2.2% 15 Aug 2019		38,100,000		38,100,000

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
REPO CREDIT SUISSE 2.21% 03 Sep 2019		38,500,000		38,500,000
REPO CREDIT SUISSE 2.21% 04 Sep 2019		38,200,000		38,200,000
REPO CREDIT SUISSE 2.21% 12 Sep 2019		40,300,000		40,300,000
REPO CREDIT SUISSE 2.22% 28 Aug 2019		37,600,000		37,600,000
REPO CREDIT SUISSE 2.24% 14 Aug 2019		37,700,000		37,700,000
REPO CREDIT SUISSE 2.25% 02 Aug 2019		41,700,000		41,700,000
REPO CREDIT SUISSE 2.25% 05 Aug 2019		38,900,000		38,900,000
REPO CREDIT SUISSE 2.25% 16 Sep 2019		39,500,000		39,500,000
REPO CREDIT SUISSE 2.26% 06 Sep 2019		38,300,000		38,300,000
REPO CREDIT SUISSE 2.26% 16 Aug 2019		37,600,000		37,600,000
REPO CREDIT SUISSE 2.27% 13 Sep 2019		39,800,000		39,800,000
REPO CREDIT SUISSE 2.28% 05 Sep 2019		37,600,000		37,600,000
REPO CREDIT SUISSE 2.38% 17 Jun 2019		38,200,000		38,200,000
REPO CREDIT SUISSE 2.39% 21 Jun 2019		35,800,000		35,800,000
REPO CREDIT SUISSE 2.41% 15 Jul 2019		43,300,000		43,300,000
REPO CREDIT SUISSE 2.41% 20 Jun 2019		35,600,000		35,600,000
REPO CREDIT SUISSE 2.41% 24 May 2019		43,200,000		43,200,000
REPO CREDIT SUISSE 2.41% 28 May 2019		40,700,000		40,700,000
REPO CREDIT SUISSE 2.42% 07 Feb 2019		38,700,000		38,700,000
REPO CREDIT SUISSE 2.42% 14 Jun 2019		38,000,000		38,000,000
REPO CREDIT SUISSE 2.42% 23 May 2019		43,900,000		43,900,000
REPO CREDIT SUISSE 2.42% 24 Jun 2019		40,300,000		40,300,000
REPO CREDIT SUISSE 2.43% 05 Jun 2019		38,800,000		38,800,000
REPO CREDIT SUISSE 2.43% 06 Jun 2019		39,000,000		39,000,000
REPO CREDIT SUISSE 2.43% 07 Mar 2019		41,500,000		41,500,000
REPO CREDIT SUISSE 2.43% 11 Feb 2019		44,300,000		44,300,000
REPO CREDIT SUISSE 2.43% 13 Feb 2019		38,000,000		38,000,000
REPO CREDIT SUISSE 2.43% 13 Jun 2019		39,100,000		39,100,000
REPO CREDIT SUISSE 2.43% 14 May 2019		42,900,000		42,900,000
REPO CREDIT SUISSE 2.43% 15 May 2019		42,300,000		42,300,000
REPO CREDIT SUISSE 2.43% 19 Jun 2019		38,700,000		38,700,000
REPO CREDIT SUISSE 2.43% 21 May 2019		42,700,000		42,700,000
REPO CREDIT SUISSE 2.43% 22 May 2019		43,800,000		43,800,000
REPO CREDIT SUISSE 2.43% 26 Mar 2019		46,900,000		46,900,000
REPO CREDIT SUISSE 2.44% 04 Jun 2019		39,300,000		39,300,000
REPO CREDIT SUISSE 2.44% 04 Mar 2019		47,400,000		47,400,000
REPO CREDIT SUISSE 2.44% 05 Mar 2019		41,400,000		41,400,000
REPO CREDIT SUISSE 2.44% 06 Feb 2019		43,800,000		43,800,000
REPO CREDIT SUISSE 2.44% 06 Mar 2019		41,700,000		41,700,000
REPO CREDIT SUISSE 2.44% 08 Feb 2019		44,400,000		44,400,000
REPO CREDIT SUISSE 2.44% 10 Jun 2019		38,000,000		38,000,000
REPO CREDIT SUISSE 2.44% 11 Jun 2019		38,300,000		38,300,000
REPO CREDIT SUISSE 2.44% 11 Mar 2019		42,200,000		42,200,000
REPO CREDIT SUISSE 2.44% 12 Jun 2019		38,900,000		38,900,000
REPO CREDIT SUISSE 2.44% 12 Mar 2019		50,700,000		50,700,000
REPO CREDIT SUISSE 2.44% 13 May 2019		42,800,000		42,800,000
REPO CREDIT SUISSE 2.44% 14 Feb 2019		38,300,000		38,300,000
REPO CREDIT SUISSE 2.44% 15 Feb 2019		38,700,000		38,700,000
REPO CREDIT SUISSE 2.44% 25 Mar 2019		47,100,000		47,100,000
REPO CREDIT SUISSE 2.44% 31 Jan 2019		4,600,000		4,600,000
REPO CREDIT SUISSE 2.45% 07 Jun 2019		37,900,000		37,900,000
REPO CREDIT SUISSE 2.45% 08 Mar 2019		40,700,000		40,700,000
REPO CREDIT SUISSE 2.45% 10 May 2019		42,900,000		42,900,000

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
REPO CREDIT SUISSE 2.45% 13 Mar 2019		42,200,000		42,200,000
REPO CREDIT SUISSE 2.45% 17 Jan 2019		5,800,000		5,800,000
REPO CREDIT SUISSE 2.45% 17 Sep 2019		38,800,000		38,800,000
REPO CREDIT SUISSE 2.45% 18 Jan 2019		5,900,000		5,900,000
REPO CREDIT SUISSE 2.45% 20 Feb 2019		45,900,000		45,900,000
REPO CREDIT SUISSE 2.45% 22 Feb 2019		47,200,000		47,200,000
REPO CREDIT SUISSE 2.45% 22 Jan 2019		6,200,000		6,200,000
REPO CREDIT SUISSE 2.45% 23 Jul 2019		40,600,000		40,600,000
REPO CREDIT SUISSE 2.45% 24 Jul 2019		40,800,000		40,800,000
REPO CREDIT SUISSE 2.45% 25 Feb 2019		47,200,000		47,200,000
REPO CREDIT SUISSE 2.45% 25 Jun 2019		41,500,000		41,500,000
REPO CREDIT SUISSE 2.45% 26 Feb 2019		40,600,000		40,600,000
REPO CREDIT SUISSE 2.45% 27 Feb 2019		40,000,000		40,000,000
REPO CREDIT SUISSE 2.45% 27 Mar 2019		46,900,000		46,900,000
REPO CREDIT SUISSE 2.45% 28 Feb 2019		40,400,000		40,400,000
REPO CREDIT SUISSE 2.45% 29 May 2019		41,300,000		41,300,000
REPO CREDIT SUISSE 2.45% 31 Jul 2019		41,200,000		41,200,000
REPO CREDIT SUISSE 2.45% 31 May 2019		41,800,000		41,800,000
REPO CREDIT SUISSE 2.46% 05 Feb 2019		43,100,000		43,100,000
REPO CREDIT SUISSE 2.46% 15 Mar 2019		45,500,000		45,500,000
REPO CREDIT SUISSE 2.46% 18 Jun 2019		38,500,000		38,500,000
REPO CREDIT SUISSE 2.46% 20 May 2019		42,700,000		42,700,000
REPO CREDIT SUISSE 2.46% 21 Feb 2019		42,600,000		42,600,000
REPO CREDIT SUISSE 2.46% 22 Jul 2019		40,400,000		40,400,000
REPO CREDIT SUISSE 2.46% 24 Jan 2019		4,200,000		4,200,000
REPO CREDIT SUISSE 2.46% 26 Jun 2019		42,000,000		42,000,000
REPO CREDIT SUISSE 2.46% 28 Jan 2019		4,600,000		4,600,000
REPO CREDIT SUISSE 2.46% 28 Mar 2019		46,700,000		46,700,000
REPO CREDIT SUISSE 2.46% 29 Jul 2019		41,200,000		41,200,000
REPO CREDIT SUISSE 2.47% 07 May 2019		43,800,000		43,800,000
REPO CREDIT SUISSE 2.47% 09 May 2019		43,000,000		43,000,000
REPO CREDIT SUISSE 2.47% 14 Mar 2019		45,300,000		45,300,000
REPO CREDIT SUISSE 2.47% 17 May 2019		43,100,000		43,100,000
REPO CREDIT SUISSE 2.47% 19 Mar 2019		46,400,000		46,400,000
REPO CREDIT SUISSE 2.47% 30 Jul 2019		41,100,000		41,100,000
REPO CREDIT SUISSE 2.47% 30 May 2019		41,700,000		41,700,000
REPO CREDIT SUISSE 2.48% 02 Apr 2019		45,400,000		45,400,000
REPO CREDIT SUISSE 2.48% 06 May 2019		47,700,000		47,700,000
REPO CREDIT SUISSE 2.48% 12 Apr 2019		46,900,000		46,900,000
REPO CREDIT SUISSE 2.48% 12 Jul 2019		42,300,000		42,300,000
REPO CREDIT SUISSE 2.48% 15 Apr 2019		46,900,000		46,900,000
REPO CREDIT SUISSE 2.48% 20 Mar 2019		47,000,000		47,000,000
REPO CREDIT SUISSE 2.48% 25 Apr 2019		45,900,000		45,900,000
REPO CREDIT SUISSE 2.48% 25 Jan 2019		4,000,000		4,000,000
REPO CREDIT SUISSE 2.48% 25 Jul 2019		41,000,000		41,000,000
REPO CREDIT SUISSE 2.49% 08 May 2019		43,700,000		43,700,000
REPO CREDIT SUISSE 2.49% 12 Feb 2019		38,300,000		38,300,000
REPO CREDIT SUISSE 2.49% 19 Feb 2019		7,000,000		7,000,000
REPO CREDIT SUISSE 2.49% 26 Apr 2019		46,400,000		46,400,000
REPO CREDIT SUISSE 2.49% 26 Jul 2019		41,200,000		41,200,000
REPO CREDIT SUISSE 2.5% 10 Apr 2019		46,000,000		46,000,000
REPO CREDIT SUISSE 2.5% 11 Apr 2019		46,700,000		46,700,000
REPO CREDIT SUISSE 2.5% 19 Feb 2019		39,000,000		39,000,000

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
REPO CREDIT SUISSE 2.5% 19 Jul 2019		41,600,000		41,600,000
REPO CREDIT SUISSE 2.51% 03 Apr 2019		52,700,000		52,700,000
REPO CREDIT SUISSE 2.51% 04 Apr 2019		45,600,000		45,600,000
REPO CREDIT SUISSE 2.51% 05 Apr 2019		52,000,000		52,000,000
REPO CREDIT SUISSE 2.51% 08 Apr 2019		46,000,000		46,000,000
REPO CREDIT SUISSE 2.51% 09 Apr 2019		46,100,000		46,100,000
REPO CREDIT SUISSE 2.51% 16 Apr 2019		47,000,000		47,000,000
REPO CREDIT SUISSE 2.51% 17 Apr 2019		46,800,000		46,800,000
REPO CREDIT SUISSE 2.51% 17 Jul 2019		43,100,000		43,100,000
REPO CREDIT SUISSE 2.51% 22 Mar 2019		47,200,000		47,200,000
REPO CREDIT SUISSE 2.51% 23 Apr 2019		46,100,000		46,100,000
REPO CREDIT SUISSE 2.51% 27 Jun 2019		41,900,000		41,900,000
REPO CREDIT SUISSE 2.52% 04 Feb 2019		5,400,000		5,400,000
REPO CREDIT SUISSE 2.52% 09 Jul 2019		41,000,000		41,000,000
REPO CREDIT SUISSE 2.52% 16 Jul 2019		43,400,000		43,400,000
REPO CREDIT SUISSE 2.52% 18 Jul 2019		44,800,000		44,800,000
REPO CREDIT SUISSE 2.52% 29 Apr 2019		46,200,000		46,200,000
REPO CREDIT SUISSE 2.53% 03 Jun 2019		41,000,000		41,000,000
REPO CREDIT SUISSE 2.53% 10 Jan 2019		36,100,000		36,100,000
REPO CREDIT SUISSE 2.53% 10 Jul 2019		41,300,000		41,300,000
REPO CREDIT SUISSE 2.53% 11 Jul 2019		41,400,000		41,400,000
REPO CREDIT SUISSE 2.53% 18 Mar 2019		46,300,000		46,300,000
REPO CREDIT SUISSE 2.53% 24 Apr 2019		45,200,000		45,200,000
REPO CREDIT SUISSE 2.54% 03 Jul 2019		42,600,000		42,600,000
REPO CREDIT SUISSE 2.54% 03 May 2019		44,800,000		44,800,000
REPO CREDIT SUISSE 2.54% 16 May 2019		42,700,000		42,700,000
REPO CREDIT SUISSE 2.55% 18 Apr 2019		48,100,000		48,100,000
REPO CREDIT SUISSE 2.55% 21 Mar 2019		47,100,000		47,100,000
REPO CREDIT SUISSE 2.55% 22 Apr 2019		46,200,000		46,200,000
REPO CREDIT SUISSE 2.55% 30 Apr 2019		45,100,000		45,100,000
REPO CREDIT SUISSE 2.59% 02 May 2019		49,400,000		49,400,000
REPO CREDIT SUISSE 2.6% 01 Aug 2019		41,400,000		41,400,000
REPO CREDIT SUISSE 2.63% 01 Feb 2019		4,700,000		4,700,000
REPO CREDIT SUISSE 2.67% 05 Jul 2019		40,300,000		40,300,000
REPO CREDIT SUISSE 2.67% 08 Jul 2019		40,800,000		40,800,000
REPO CREDIT SUISSE 2.7% 01 Mar 2019		40,400,000		40,400,000
REPO CREDIT SUISSE 2.78% 01 May 2019		49,800,000		49,800,000
REPO SOCIETE GENERALE 2.77% 04 Jan 2019		33,800,000		33,800,000
REPO TORONTO DOMINION 2.08% 26 Sep 2019		100,000		100,000
REPO TORONTO DOMINION 2.45% 14 Jan 2019		38,100,000		38,100,000
REPO TORONTO DOMINION 2.5% 11 Jan 2019		37,200,000		37,200,000
ROYAL BANK OF CANADA 0.000001% 10 Jun 2		500,000		376,832
TORONTO DOMINION BANK 0.0000001% 10 Jun		500,000		376,832
TORONTO DOMINION BANK 0.01% 06 Feb 2019		200,000		151,785
TORONTO DOMINION BANK 1.82% 01 Nov 2019		24,400,000		24,400,000
Total Securities Purchased Under Agreements to Resell			$	9,446,816,544
Fixed Income Securities
ALEXANDRIA REAL ESTATE E 4.6% 01 Apr 2022		127,000	$	134,774
BUONI POLIENNALI DEL TES 3.35% 01 Mar 2035		800,000		928,967
CANADIAN GOVERNMENT 2% 01 Jun 2028		200,000		157,073
CANADIAN GOVERNMENT 2.75% 01 Dec 2048		10,100,000		9,115,527
FED HOME LN DISCOUNT NT 0.01% 01 Feb 2019		1,200,000		1,199,128

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
FED HOME LN DISCOUNT NT 0.01% 05 Jul 2019		1,100,000		1,096,751
FED HOME LN DISCOUNT NT 0.01% 12 Jul 2019		1,200,000		1,200,000
FED HOME LN DISCOUNT NT 0.01% 16 Aug 2019		2,000,000		1,997,014
FED HOME LN DISCOUNT NT 0.01% 16 Jan 2019		1,100,000		1,100,000
FED HOME LN DISCOUNT NT 0.01% 19 Jul 2019		1,500,000		1,500,000
FED HOME LN DISCOUNT NT 0.01% 30 Aug 2019		1,500,000		1,496,514
FNMA POOL BN6249 3.5% 01 Apr 2049		485,737		498,582
FNMA POOL FM1057 1% 01 Jun 2049		3,100,000		3,148,195
FNMA POOL FM1115 1% 01 Jul 2049		1,099,890		1,128,977
FNMA POOL MA3597 3.5% 01 Feb 2049		344,712		353,828
FNMA POOL MA3614 3.5% 01 Mar 2049		169,552		174,036
FNMA POOL MA3637 3.5% 01 Apr 2049		999,900		1,026,343
FNMA TBA 30 YR 3 3% 10 Oct 2049		4,200,000		4,259,678
FNMA TBA 30 YR 3 3% 12 Sep 2049		3,100,000		3,150,979
FNMA TBA 30 YR 3 3% 13 Aug 2050		2,600,000		2,613,680
FNMA TBA 30 YR 3 3% 13 Nov 2049		2,100,000		2,124,158
FNMA TBA 30 YR 3.5 3.5% 10 Oct 2049		15,600,000		15,973,979
FNMA TBA 30 YR 3.5 3.5% 11 Jun 2050		10,800,000		10,926,809
FNMA TBA 30 YR 3.5 3.5% 12 Mar 2050		16,900,000		16,918,588
FNMA TBA 30 YR 3.5 3.5% 12 Sep 2049		9,400,000		9,645,281
FNMA TBA 30 YR 3.5 3.5% 13 Aug 2050		21,900,000		22,490,484
FNMA TBA 30 YR 3.5 3.5% 13 May 2050		11,600,000		11,727,012
FNMA TBA 30 YR 3.5 3.5% 14 Jul 2050		21,900,000		22,326,594
FNMA TBA 30 YR 3.5 3.5% 15 Apr 2050		8,900,000		8,939,324
FNMA TBA 30 YR 3.5 3.5% 15 Feb 2050		21,800,000		21,767,473
FNMA TBA 30 YR 4 4% 10 Oct 2049		31,300,000		32,447,805
FNMA TBA 30 YR 4 4% 11 Jun 2050		19,100,000		19,633,313
FNMA TBA 30 YR 4 4% 12 Mar 2050		17,300,000		17,643,600
FNMA TBA 30 YR 4 4% 12 Sep 2049		16,600,000		17,196,990
FNMA TBA 30 YR 4 4% 13 Aug 2050		18,500,000		19,158,707
FNMA TBA 30 YR 4 4% 13 May 2050		22,400,000		22,971,006
FNMA TBA 30 YR 4 4% 14 Jul 2050		12,100,000		12,475,836
FNMA TBA 30 YR 4 4% 15 Apr 2050		17,400,000		17,881,207
JAPAN (40 YEAR ISSUE) 0.8% 20 Mar 2058		74,000,000		727,718
JAPAN TREASURY DISC BILL 0.00% 16 Dec 2019		410,000,000		3,767,961
JAPAN TREASURY DISC BILL 0.01% 08 Apr 2019		160,000,000		1,435,943
JAPAN TREASURY DISC BILL 0.01% 16 Jul 2019		160,000,000		1,477,787
JAPAN TREASURY DISC BILL 0.01% 17 Jun 2019		410,000,000		3,772,717
JAPAN TREASURY DISC BILL 0.01% 17 Sep 2019		410,000,000		3,789,104
JAPAN TREASURY DISC BILL 0.01% 19 Aug 2019		40,000,000		375,604
JAPAN TREASURY DISC BILL 0.01% 20 May 2019		40,000,000		363,736
JAPAN TREASURY DISC BILL 0.01% 22 Jul 2019		231,000,000		2,141,963
JYSKE REALKREDIT A/S 1.5% 01 Oct 2050		1,691		257
LETRA TESOURO NACIONAL 0.01% 01 Jul 2019		3,900,000		1,006,644
MICROCHIP TECHNOLOGY INC 3.922% 01 Jun 2021		200,000		202,880
NORDEA KREDIT REALKREDIT 1.5% 01 Oct 2050		2,169		329
NYKREDIT REALKREDIT AS 1.5% 01 Oct 2050		18,295		2,776
QUALCOMM INC 1% 30 Jan 2023		200,000		200,432
RUSSIA GOVT BOND OFZ 7.25% 10 May 2034		17,300,000		261,846
RUSSIA GOVT BOND OFZ 7.95% 07 Oct 2026		28,500,000		456,646
US TREASURY N/B 2.625% 15 Feb 2029		715,000		775,496
US TREASURY N/B 2.625% 31 Aug 2020		8,280,000		8,352,746
US TREASURY N/B 2.625% 31 Jul 2020		3,330,000		3,355,281

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
VERIZON COMMUNICATIONS 1% 16 Mar 2022		600,000		609,084
VERIZON COMMUNICATIONS 4.016% 03 Dec 2029		711,000		713,560
Total Fixed Income Securities			$	372,318,722
Common Stock
AAR CORP COMMON STOCK USD1.0		7,154	$	240,047
ADAPTIVE BIOTECHNOLOGIES COMMON STOCK		5,957		234,202
ADVANCED DISPOSAL SERVICES I COMMON STOCK USD.01		22,867		743,021
AKZO NOBEL N.V.		5,385		485,956
ALCOA CORP COMMON STOCK USD.01		5,980		123,047
ALECTOR INC		720		13,109
ALIMENTATION COUCHE TARD B COMMON STOCK		1,800		111,053
AMADEUS IT GROUP SA COMMON STOCK EUR.01		980		78,094
AMOREPACIFIC CORP COMMON STOCK KRW500.		158		32,001
ANALOG DEVICES INC COMMON STOCK USD.167		1,000		107,309
APERGY CORP COMMON STOCK USD.01		3,682		119,337
ARMSTRONG WORLD INDUSTRIES		10,275		971,280
ASML HOLDING NV		3,530		681,527
AU OPTRONICS CORP-SPON ADR		10,698		27,945
BARRICK GOLD CORP COMMON STOCK		41,596		589,105
BRAVURA SOLUTIONS LTD COMMON STOCK		15,359		61,983
CELLNEX TELECOM SA COMMON STOCK		11,617		235,927
CENTENNIAL RESOURCE DEVELO A COMMON STOCK USD.000		9,459		83,887
CHEWY INC - CLASS A		210		7,512
CNX RESOURCES CORP COMMON STOCK USD.01		9,791		105,221
CONAGRA BRANDS INC		23,629		707,525
CORTEVA INC		48,240		1,394,011
COTY INC-CL A		71,423		888,658
DANONE SA		6,105		502,218
DP WORLD PLC COMMON STOCK USD2.0		432		6,296
DR.CELLNEX TELECOM RTS EXP 20MAR19		40,151		47
EBARA CORP COMMON STOCK		3,000		71,244
ELANCO ANIMAL HEALTH INC COMMON STOCK		10,529		319,792
ENDAVA PLC SPON ADR ADR GBP.0002		4,000		162,291
ENPHASE ENERGY INC		34,650		338,112
ESTERLINE TECHNOLOGIES CORP COMMON STOCK USD.2		8,146		997,885
FASTLY INC CLASS A COMMON STOCK USD.000		12,923		236,612
FASTLY INC - CLASS A		50		1,149
FIRST DATA CORP- CLASS A		8,630		216,907
GOLDCORP INC COMMON STOCK		30,535		342,623
GTT COMMUNICATIONS INC		17,780		465,860
H&R BLOCK INC		45,433		1,222,808
HERSHEY CO/THE		15,434		2,195,819
HONG KONG EXCHANGES + CLEAR COMMON STOCK		6,800		196,166
HUGO BOSS AG ORD COMMON STOCK		8,729		486,444
I3 VERTICALS INC CLASS A COMMON STOCK USD.000		5,795		115,285
IAA INC		20,430		919,251
IBERDROLA SA COMMON STOCK		8,176		79,328
IBERDROLA SA INTERIM COMMON STOCK		8,328		64,755
IBERDROLA SA RIGHT		726,386		144,085
INFINEON TECHNOLOGIES AG		96,277		1,804,812
INVESCO LTD		15,720		309,414
J2 GLOBAL INC		9,732		834,956

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
KAR AUCTION SERVICES INC		88,979		2,094,248
KB HOME COMMON STOCK USD1.0		3,800		119,456
KEMPER CORP COMMON STOCK USD.1		4,000		302,665
KERING COMMON STOCK EUR4.0		2,516		1,231,964
KONE OYJ B COMMON STOCK		4,883		282,279
LIVONGO HEALTH INC		10,734		331,583
LUCKIN COFFEE INC - ADR		210		5,193
LUMENTUM HOLDINGS INC		4,277		252,043
LYFT INC-A		100		8,564
M&G PLC		123,458		382,730
MEDALLIA INC		1,050		37,021
MEDICLINIC INTERNATIONAL PLC COMMON STOCK GBP.1		6,721		27,440
MELLANOX TECHNOLOGIES LTD		4,960		570,444
MITSUBISHI MOTORS CORP COMMON STOCK		81,000		372,544
MULTICHOICE GROUP LTD COMMON STOCK		53,787		456,250
NEWMONT CORP COMMON STOCK USD1.6		10,015		323,974
NIKE INC -CL B		15,029		1,277,798
NINE ENERGY SERVICE INC COMMON STOCK		11,009		151,200
NINTENDO CO LTD-UNSPONS ADR		240		8,214
NUTANIX INC - A		12,650		326,583
OLYMPUS CORP		377		15,650
PAGERDUTY INC		70		2,670
PALOMAR HOLDINGS INC COMMON STOCK USD.000		4,700		87,630
PHREESIA INC		78		2,030
PING AN INSURANCE GROUP CO H COMMON STOCK CNY1.0		15,500		182,717
PINTEREST INC CLASS A COMMON STOCK		3,855		100,241
PROSUS NV COMMON STOCK EUR.05		16,077		1,344,671
REALREAL INC/THE		210		6,039
REGENERON PHARMACEUTICALS COMMON STOCK USD.001		773		250,815
REVOLVE GROUP INC		110		3,215
SGS SA REG COMMON STOCK CHF1.0		43		108,252
SHISEIDO CO LTD		3,972		286,567
SILK ROAD MEDICAL INC		10		331
SK HYNIX INC COMMON STOCK KRW5000		277		16,639
SM ENERGY CO COMMON STOCK USD.01		6,851		74,479
SMILEDIRECTCLUB INC		1,042		20,958
SOK MARKETLER TICARET AS COMMON STOCK		14,518		27,858
SS&C TECHNOLOGIES HOLDINGS		21,540		1,299,829
ST JAMES S PLACE PLC COMMON STOCK GBP.15		19,469		220,677
STERIS PLC COMMON STOCK USD75.0		19,500		2,847,240
STOKE THERAPEUTICS INC		100		2,783
SUNNY OPTICAL TECH COMMON STOCK HKD.1		9,100		104,675
SUNPOWER CORP COMMON STOCK USD.001		20,504		251,623
TENCENT HOLDINGS LTD COMMON STOCK HKD.000		3,400		149,369
TRANE TECHNOLOGIES PLC COMMON STOCK USD1.0		13,575		1,565,696
TREX COMPANY INC		4,350		290,050
URBAN OUTFITTERS INC COMMON STOCK USD.000		15,317		327,285
VONOVIA SE COMMON STOCK		21,390		1,059,329
WAITR HOLDINGS INC COMMON STOCK USD.000		46,740		164,484
Total Common Stock			$	39,451,911

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
Real Estate Investment Trusts
CORESITE REALTY CORP REIT USD.01		23,524	$	2,523,238
DIVERSIFIED HEALTHCARE TRUST REIT USD.01		38,000		478,026
KITE REALTY GROUP TRUST REIT USD.01		31,440		480,391
MGM GROWTH PROPERTIES LLC A REIT		14,232		439,608
OMEGA HEALTHCARE INVESTORS REIT USD.1		2,700		110,860
QTS REALTY TRUST INC CL A REIT USD.01		16,873		769,057
SABRA HEALTH CARE REIT INC REIT USD.01		124,460		2,652,992
SL GREEN REALTY CORP REIT USD.01		12,180		940,485
VORNADO REALTY TRUST REIT USD.04		29,410		1,966,132
WELLTOWER INC REIT USD1.0		3,250		270,245
Total Real Estate Investment Trusts			$	10,631,034
Derivatives
31750EF84 USD PUT CNH CALL MAR19 6.68 PUT		500,000	$	2,143
31750EFH4 USD PUT INR CALL OCT19 72 PUT		400,000		7,670
31750EG75 USD PUT INR CALL OCT19 72 PUT		100,000		1,893
31750EI57 OTC EPUT AUD VS USD		400,000		1,244
31750EJF4 OTC ECAL USD VS CNH		489,000		1,325
31750EJO5 OTC EPUT USD VS CNH		489,000		1,325
31750EKU9 OTC EPUT EUR VS GBP		490,000		891
31750EKY1 OTC ECAL EUR VS TRY		230,000		3,823
31750EL53 OTC EPUT EUR VS GBP		384,000		698
31750EL87 OTC ECAL EUR VS TRY		215,000		6,026
31750ELB0 OTC EPUT EUR VS SEK		860,000		577
31750EM45 OTC ECAL USD VS CNH		500,000		1,273
31750EM52 OTC EPUT USD VS CNH		500,000		1,273
31750ENI3 OTC EPUT USD VS MXN		260,000		1,323
31750EO92 OTC EPUT USD VS CNH		500,000		1,283
31750EOA9 OTC ECAL USD VS CNH		500,000		1,188
31750EPT7 OTC EPUT USD VS ZAR		253,000		1,190
31750EQL3 USD CALL BRL PUT MAY2019 4.075 CALL		289,000		2,036
31750ERR9 OTC ECAL USD VS CNH		500,000		2,300
31750ERS7 OTC EPUT USD VS CNH		500,000		2,300
31750ET30 OTC ECAL USD VS CNH		200,000		1,151
31750ET48 OTC EPUT USD VS CNH		200,000		1,133
31750ETH9 USD CALL CNH PUT JUN19 6.7993 CALL		300,000		1,917
31750ETJ5 USD PUT CNH CALL JUN19 6.7993 PUT		300,000		1,917
31750EU12 USD PUT CNH CALL JUN19 6.866 PUT		200,000		1,676
31750EU20 USD CALL CNH PUT JUN19 6.866 CALL		200,000		1,676
31750EYD2 OTC ECAL AUD VS CAD		700,000		–
31750EYE0 OTC EPUT AUD VS CAD		700,000		2,117
31750EZP4 USDZAR 14.2 EO JUL19 14.2 PUT		240,000		1,435
31750F0A2 OTC EPUT USD VS CNH		500,000		1,318
31750F0B0 OTC ECAL USD VS CNH		500,000		918
31750F160 OTC PUT USD CALL COP AUG19 3165 PUT		330,000		3,185
31750F1E3 OTC EPUT USD VS CNH		465,000		1,214
31750F1F0 OTC ECAL USD VS CNH		465,000		1,214
31750F3V3 OTC ECAL EUR VS USD		594,000		3,459
31750F3Y7 OTC EPUT EUR VS USD		594,000		5,485
31750F5O7 OTC EPUT USD VS CNH		370,000		1,499
31750F5P4 OTC ECAL USD VS CNH		370,000		1,499
31750F5Q2 OTC ECAL USD VS CNH		140,000		650

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
31750F5R0 OTC EPUT USD VS CNH		140,000		578
31750F6W8 USD PUT JPY CALL SEP19 104.75 PUT		515,000		3,899
31750FCH4 OTC PUT USD CALL BRL DEC19 3.88 PUT		502,000		3,539
31750FCI2 OTC CALL USD PUT BRL DEC19 4.28 CALL		502,000		5,748
31750FEI0 OTC EPUT USD VS CNH		500,000		1,663
31750FEK5 OTC ECAL USD VS CNH		500,000		1,663
3175419K8 ITRAXX.O P 0.70 EU31 DEC19 0.70 PUT		200,000		210
3175519C5 ITRAXX.O C 0.475 EU3 JAN20 0.475 CALL		300,000		164
3175669G4 ITRAXX.O P 0.80 EU3 JAN20 0.8 PUT		300,000		444
317584852 CDX.O P 1.00 IG31 5Y APR19 1.00 PUT		200,000		210
317586766 CDX.O P 0.95 IG32 5Y JUN19 0.95 PUT		1,300,000		1,178
317587020 CDXO P IG32 AUG19 0.9 PUT		400,000		400
3175889Y9 ITRAXX.O C 0.40 EU31 DEC19 0.40 CALL		200,000		100
3175AZ728 CDX SWAPTION AUG19 0.9 PUT		400,000		480
3175JC829 CDX.O P 0.95 IG32 5Y JUN19 0.95 PUT		200,000		198
3175JC886 CDX.O P 1.05 IG32 5Y SEP19 1.05 PUT		300,000		330
3175K1003 CDX.O P 1.10 IG31 5Y MAY19 1.1 PUT		300,000		294
3175RT799 CDX.O P 1.05 IG31 5Y APR19 1.05 PUT		400,000		380
3175SC878 CDX.O P 1.2 IG31 5Y MAY19 1.2 PUT		500,000		500
3175SD223 OTC ECAL WTI BRENT B APR19 7 CALL		3		1,110
3175SD231 OTC EPUT WTI BRENT B APR19 10 PUT		3		1,110
3175SD884 OTC ECAL SWOP QSCOCA DEC20 18.1 CALL		2		6,240
3175SE015 CDX.O P 0.95 IG32 5Y SEP19 0.95 PUT		500,000		550
3175SE049 OTC NCAL SWOP FUELCO DEC20 13 CALL		2		4,200
3175Z9505 OTC ECAL WTI BRENT B FEB19 6 CALL		3		480
3175Z9513 OTC EPUT WTI BRENT B FEB19 10 PUT		3		960
317U001U5 IRO EUR 30Y C 0.000 DEC19 0.0000001 CALL		250,000		5,628
317U015U9 IRO EUR 30Y C 0.000 DEC19 0.0000001 CALL		50,000		1,408
317U040S3 IRO USD 5Y P 2.76000 APR19 2.76 PUT		800,000		1,232
317U041S2 IRO USD 5Y C 2.46000 APR19 2.46 CALL		800,000		1,392
317U053S7 IRO USD 5Y P 2.76000 APR19 2.76 PUT		200,000		315
317U054S6 IRO USD 5Y C 2.46000 APR19 2.46 CALL		200,000		315
317U072T2 IRO JPY 2Y P 0.0465 JUN20 0.04650 PUT		165,000,000		544
317U134T8 IRO EUR 10Y C 0.1000 JUL20 0.1 CALL		975,000		10,104
317U135T7 IRO EUR 30Y C 0.4668 JUL20 0.4668 CALL		350,000		47,899
317U143T7 IRO EUR 30Y C 0.4600 JUL20 0.46 CALL		300,000		38,737
317U144T6 IRO EUR 10Y C 0.1000 JUL20 0.1 CALL		1,450,000		11,754
317U158T9 IRO EUR 30Y C 0.4500 JUL20 0.45 CALL		200,000		28,605
317U276T6 IRO EUR 10Y C 0.1000 JUL20 0.1 CALL		425,000		5,255
317U277T5 IRO EUR 30Y C 0.4900 JUL20 0.49 CALL		150,000		21,409
317U570T9 IRO USD 3Y P 1.45600 AUG20 1.456 PUT		3,300,000		20,823
317U607T6 IRO USD 3Y P 1.44800 AUG21 1.448 PUT		2,500,000		22,267
317U642T3 IRO USD 3Y P 1.39900 AUG21 1.399 PUT		3,300,000		29,310
317U792T1 IRO EUR 30Y C 0.05 DEC19 0.05 CALL		200,000		5,146
90DAY EUR FUTR JUN19 XCME 20190617		127		30,935,963
90DAY EUR FUTR JUN20 XCME 20200615		22		5,396,416
90DAY EUR FUTR JUN21 XCME 20210614		12		2,958,929
90DAY EUR FUTR MAR21 XCME 20210315		10		2,750
90DAY STERLING FU MAR20 IFLL 20200318		54		8,483,070
90DAY STERLING FU MAR21 IFLL 20210317		54		8,481,986
ADBE 021519 C255		10		4,720
ADBE 021519 C257.5 OTC		7		1,799
ADBE 051719 C280		12		5,303

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
ALIBABA GROUP HOLDING LTD CALL NOV 19 185.000 ED 111519		342		56,772
ALIBABA GROUP HOLDING LTD CALL NOV 19 200.000 ED 111519		342		(3,762	)
ALIBABA GROUP HOLDING LTD OTC CALL DEC 19 192.500 ED 120619		127		79,836
ALUMINUM HG FUTURE (LME) EXP JAN 20		3		(18	)
ANTM 031519 P290		6		1,752
ANTM 041819 P270		6		1,722
ANTM 041819 P280		6		1,650
ANTM 062119 C280		6		1,784
AU OPTRONICS CORP ADR		51,111		(136,466	)
AUST 10Y BOND FUT DEC19 XSFE 20191216		3		299,321
AUST 10Y BOND FUT JUN19 XSFE 20190617		25		2,445,614
AUST 10Y BOND FUT SEP19 XSFE 20190916		33		3,299,104
AUST 3YR BOND FUT JUN19 XSFE 20190617		32		2,582,175
BABA 092019 P155		11		2,274
BABA 102519 P155		12		2,245
BABA 111519 C185 OTC		342		56,772
BABA 111519 C200 OTC		342		8,379
BABA 120619 C192.5 OTC		127		79,836
BKNG 062119 P1700		1		2,597
BKNG 092019 C2030		1		2,754
BRENT CRUDE FUTR APR19 IFEU 20190228		57		3,517,109
BRENT CRUDE FUTR DEC23 IFEU 20231031		20		1,154,088
BRENT CRUDE FUTR DEC24 IFEU 20241031		1		58,952
BRENT CRUDE FUTR FEB20 IFEU 20191230		12		758,717
BRENT CRUDE FUTR JAN20 IFEU 20191129		3		172,656
BRENT CRUDE FUTR JUL19 IFEU 20190531		100		6,763,774
BRENT CRUDE FUTR JUN22 IFEU 20220429		17		1,013,739
BRENT CRUDE FUTR MAY19 IFEU 20190329		41		2,683,061
BRENT CRUDE FUTR SEP20 IFEU 20200731		6		347,528
BRENT CRUDE FUTR OPTN AUG19 78 CALL FSO		12		13,680
BRENT CRUDE FUTR OPTN DEC19 64 CALL FSO		12		11,760
BRENT CRUDE FUTR OPTN JAN20 67 CALL FSO		12		15,000
BRENT CRUDE FUTR OPTN JAN20 69 CALL FSO		12		15,614
BRENT CRUDE FUTR OPTN JUL19 72 CALL FSO		12		11,280
BRENT CRUDE FUTR OPTN JUL19 72.5 CALL FSO		12		12,480
BRENT CRUDE FUTR OPTN JUN19 73 CALL FSO		12		12,720
BRENT CRUDE FUTR OPTN JUN20 66 CALL FSO		25		168,750
BRENT CRUDE FUTR OPTN JUN20 66 PUT FSO		25		168,750
BRENT CRUDE FUTR OPTN MAY19 68 CALL FSO		12		12,960
BRENT CRUDE FUTR OPTN NOV19 58 PUT FSO		2		3,156
BRENT CRUDE FUTR OPTN NOV19 68 CALL FSO		2		3,007
BRENT CRUDE FUTR OPTN NOV19 68.5 CALL FSO		12		14,280
BRENT CRUDE FUTR OPTN OCT19 68 CALL FSO		12		18,600
BRENT CRUDE FUTR OPTN SEP19 56 PUT FSO		1		–
BRENT CRUDE FUTR OPTN SEP19 65 CALL FSO		1		1,546
BRENT CRUDE FUTR OPTN SEP19 72 CALL FSO		12		13,743
BRENT CRUDE FUTURE (ICE) EXP FEB 20		73		(277,463	)
BRENT CRUDE FUTURE (ICE) EXP SEP 20		22		(92,568	)
BTI 122019 P32.5F		51		2,242
BUD 050319 C85		20		2,021
BUD 061419 P79		21		1,679
BUD 062119 P78		20		1,721
BUD 101819 P91		19		1,696

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
BUD US 0919 C105.00		11		1,562
BURL 051719 C165 OTC		10		1,880
BURL 051719 C170 OTC		10		1,750
BWPC0HCN7 CDS USD P F 1.00000 1% 20 Dec 2023		11,200,000		11,200,000
BWPC0HCN7 CDS USD R V 03MEVENT 1% 20 Dec 2023		11,200,000		10,963,103
BWPC0HYD5 CDS USD P F 1.00000 1% 20 Jun 2029		9,400,000		9,400,000
BWPC0HYJ2 CDS EUR P F 1.00000 1% 20 Jun 2024		1,000,000		1,104,350
BWPC0HYJ2 CDS EUR R V 03MEVENT 1% 20 Jun 2024		1,000,000		1,072,430
BWPC0HYR4 CDS EUR P F 1.00000 1% 20 Jun 2029		5,600,000		6,217,912
BWPC0HYR4 CDS EUR R V 03MEVENT 1% 20 Jun 2029		1,000,000		1,121,937
BWPC0IJC2 CDS USD P F 1.00000 1% 20 Dec 2029		1,300,000		1,300,000
BWU00NYH3 IRS JPY P F .38000 0.38% 18 Jun 2028		235,000,000		2,144,138
BWU00NYH3 IRS JPY R V 06MLIBOR 1% 18 Jun 2028		235,000,000		2,049,206
BWU00RU47 IRS GBP P F 1.25000 1.25% 19 Jun 2021		15,000,000		19,924,499
BWU00RU47 IRS GBP R V 06MLIBOR 1% 19 Jun 2021		15,000,000		19,859,201
BWU00RZR1 IRS USD P F 3.00000 3% 19 Jun 2024		300,000		300,000
BWU00RZS9 IRS USD P F 3.00000 3% 19 Jun 2024		1,100,000		1,100,000
BWU00RZV2 IRS USD P F 3.00000 3% 19 Jun 2026		1,200,000		1,200,000
BWU00RZV2 IRS USD R V 03MLIBOR 1% 19 Jun 2026		1,200,000		1,072,947
BWU00RZY6 IRS USD P F 3.00000 3% 19 Jun 2029		300,000		300,000
BWU00RZY6 IRS USD R V 03MLIBOR 1% 19 Jun 2029		300,000		290,484
BWU00SDN2 IRS JPY P F .20000 0.2% 19 Jun 2029		380,000,000		3,459,735
BWU00SDN2 IRS JPY R V 06MLIBOR 1% 19 Jun 2029		130,000,000		1,180,859
BWU00SV36 IRS BRL P F 6.45000 6.45% 02 Jan 2020		31,200,000		8,125,000
BWU00SV36 IRS BRL R V 00MBRCDI 1% 02 Jan 2020		31,200,000		7,849,015
BWU00SZR9 IRS EUR P F .00000 0% 18 Sep 2021		12,600,000		14,166,588
BWU00SZR9 IRS EUR R V 06MEURIB 1% 18 Sep 2021		12,600,000		13,967,191
BWU00SZT5 IRS EUR P F .75000 0.75% 18 Sep 2029		3,300,000		3,704,880
BWU00SZT5 IRS EUR R V 06MEURIB 1% 18 Sep 2029		3,300,000		3,362,498
BWU00SZU2 IRS EUR P F 1.25000 1.25% 18 Sep 2049		700,000		791,315
BWU00SZU2 IRS EUR R V 06MEURIB 1% 18 Sep 2049		700,000		668,054
BWU00T004 IRS GBP P F 1.00000 1% 18 Sep 2021		8,000,000		10,581,605
BWU00T004 IRS GBP R V 06MLIBOR 1% 18 Sep 2021		8,000,000		10,221,320
BWU00T012 IRS GBP P F 1.50000 1.5% 18 Sep 2029		600,000		781,940
BWU00T012 IRS GBP R V 06MLIBOR 1% 18 Sep 2029		600,000		746,482
BWU00T236 IRS GBP P F 1.24000 1.24% 18 Sep 2021		18,000,000		23,871,290
BWU00T236 IRS GBP R V 06MLIBOR 1% 18 Sep 2021		13,500,000		16,966,947
BWU00T483 IRS BRL P F 6.37000 6.37% 02 Jan 2020		12,000,000		3,134,632
BWU00T483 IRS BRL R V 00MBRCDI 1% 02 Jan 2020		12,000,000		3,085,766
BWU00T8K2 IRS USD P F 2.42000 2.42% 19 Sep 2021		12,500,000		12,500,000
BWU00T8K2 IRS USD R V 03MLIBOR 1% 19 Sep 2021		12,500,000		12,278,758
BWU00TI47 IRS USD P F 2.46000 2.46% 09 Apr 2024		1,000,000		1,000,000
BWU00TI47 IRS USD R V 03MLIBOR 1% 09 Apr 2024		1,000,000		999,345
BWU00TO99 IRS JPY P F .01450 0.014% 24 Apr 2021		60,000,000		536,265
BWU00TO99 IRS JPY R V 06MLIBOR 1% 24 Apr 2021		60,000,000		547,657
BWU00U6T2 IRS JPY P F .40000 0.4% 19 Jun 2039		120,000,000		1,097,444
BWU00U738 IRS JPY P F .00000 0% 19 Jun 2021		940,000,000		8,779,856
BWU00U738 IRS JPY R V 06MLIBOR 1% 19 Jun 2021		220,000,000		2,024,192
BWU00UDT4 IRS EUR P F .00000 0% 18 Dec 2021		5,800,000		6,548,781
BWU00UDZ0 IRS GBP P F 1.00000 1% 18 Dec 2029		1,400,000		1,717,530
BWU00UDZ0 IRS GBP R V 06MLIBOR 1% 18 Dec 2029		200,000		237,799
BWU00UE97 IRS USD P F 2.50000 2.5% 18 Dec 2024		4,800,000		4,800,000
BWU00UED8 IRS USD P F 2.50000 2.5% 18 Dec 2021		4,500,000		4,500,000

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
BWU00UZH6 IRS EUR P F .25300 0.253% 13 Jul 2030		300,000		336,195
BWU00UZH6 IRS EUR R V 06MEURIB 1% 13 Jul 2030		300,000		336,195
BWU00V1G3 IRS EUR P F .75600 0.756% 15 Jul 2050		50,000		56,265
BWU00V1G3 IRS EUR R V 06MEURIB 1% 15 Jul 2050		50,000		56,265
BWU00V5U8 IRS USD P F 2.25000 2.25% 11 Dec 2049		700,000		700,000
BWU00V5U8 IRS USD R V 03MLIBOR 1% 11 Dec 2049		400,000		352,624
BWU00V603 IRS USD P F 2.25000 2.25% 12 Mar 2050		300,000		300,000
BWU00VD05 IRS USD P F 2.00000 2% 15 Jan 2030		2,000,000		2,000,000
BWU00VD05 IRS USD R V 03MLIBOR 1% 15 Jan 2030		400,000		385,885
BWU00VIS9 IRS USD P F 1.54000 1.54% 19 Dec 2021		12,500,000		12,500,000
BWU00VIS9 IRS USD R V 03MLIBOR 1% 19 Dec 2021		6,000,000		6,000,684
BWU00VKI8 IRS USD P F 1.62500 1.625% 06 Jan 2030		4,300,000		4,300,000
BWU00VKI8 IRS USD R V 03MLIBOR 1% 06 Jan 2030		200,000		197,679
BWU00VPI3 IRS USD P F 1.62500 1.625% 16 Jan 2050		100,000		100,000
BWU00VS17 IRS USD P F 1.30500 1.305% 21 Aug 2023		1,300,000		1,300,000
BWU00VSI0 IRS EUR P F .00000 1% 14 Jul 2030		400,000		443,560
BWU00VSI0 IRS EUR R V 06MEURIB 1% 14 Jul 2030		400,000		443,560
BWU00VSX7 IRS USD P F 1.62500 1.625% 03 Feb 2050		300,000		300,000
BWU00VTD0 IRS EUR P F .00000 0% 13 Jul 2030		400,000		443,740
BWU00VTD0 IRS EUR R V 06MEURIB 1% 13 Jul 2030		400,000		443,740
BWU00VUF3 IRS USD P F 1.29800 1.298% 25 Aug 2024		1,050,000		1,050,000
BWU00VVV7 IRS USD P F 1.50000 1.5% 18 Dec 2029		200,000		200,000
BWU00VXO1 IRS USD P F 1.24900 1.249% 31 Aug 2024		1,400,000		1,400,000
BWU00VY28 IRS EUR P F .17400 0.174% 27 Jul 2050		100,000		111,010
BWU00VY28 IRS EUR R V 06MEURIB 1% 27 Jul 2050		100,000		111,010
BWU00W8N9 IRS EUR P F .00000 1% 18 Mar 2022		3,900,000		4,289,023
BWU00W8P4 IRS EUR P F .00000 1% 18 Mar 2030		3,350,000		3,713,142
BWU00W8V1 IRS GBP P F .75000 0.75% 18 Mar 2022		4,500,000		5,617,578
BWU00W8Y5 IRS GBP P F .75000 0.75% 18 Mar 2030		100,000		124,195
BX 062119 C41 OTC		81		3,974
BYJ9C J9 NYM ECAL WTI BRENT SP FEB19 6 CALL		4		586
BYJ9P J9 NYM EPUT WTI BRENT SP FEB19 10 PUT		4		1,266
BYK9C K9 NYM ECAL WTI BRENT SP MAR19 6 CALL		6		2,079
BYK9P K9 NYM EPUT WTI BRENT SP MAR19 10 PUT		6		3,179
BYM9C M9 NYM ECAL WTI BRENT SP APR19 7 CALL		6		1,486
BYM9P M9 NYM EPUT WTI BRENT SP APR19 10 PUT		4		1,586
BYV9C V9 NYM ECAL WTI BRENT SP AUG19 5 CALL		2		1,243
BYV9P V9 NYM EPUT WTI BRENT SP AUG19 9 PUT		2		543
BYX9C X9 NYM ECAL WTI BRENT SP SEP19 5 CALL		2		1,243
BYX9P X9 NYM EPUT WTI BRENT SEP19 9 PUT		2		543
BYZ9C Z9 NYM ECAL WTI BRENT OCT19 5 CALL		2		1,243
BYZ9P Z9 NYM EPUT WTI BRENT SP OCT19 9 PUT		2		543
CAN 10YR BOND FUT DEC19 XMOD 20191218		19		2,049,726
CAN 10YR BOND FUT SEP19 XMOD 20190919		8		867,061
CCP_IRS. P EUR-EURIBOR-REUTERS REC 0.5% 2050 JUN 17		200,000		–
CCP_IRS. P USD-LIBOR-BBA 3M CM REC 1.71% 2051 SEP 17		100,000		–
CCP_IRS. P USD-LIBOR-BBA 3M CM REC 1.85% 2045 MAY 15		300,000		2,806
CCP_IRS. P USD-LIBOR-BBA 3M CM REC 1.86% 2045 MAY 15		500,000		3,187
CCP_IRS. R EUR-EURIBOR-REUTERS PAY 0.0% 2021 DEC 18		5,800,000		–
CCP_IRS. R EUR-EURIBOR-REUTERS PAY 0.5% 2029 DEC 18		200,000		–
CCP_IRS. R JPY-LIBOR-BBA 6M CM PAY 0.33% 2049 NOV 29		90,000,000		18,036
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.63% 2050 FEB 03		300,000		14,597
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 1.63% 2050 JAN 16		100,000		5,070

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
CCP_IRS. R USD-LIBOR-BBA 3M CM PAY 2.25% 2049 DEC 11		300,000		–
CCP_IRS._P EUR-EURIBOR-REUTERS REC 0.5% 2050 JUN 17		200,000		(1,899	)
CCP_IRS._P USD-LIBOR-BBA 3M CM REC 1.71% 2051 SEP 17		100,000		(1,506	)
CCP_IRS._P USD-LIBOR-BBA 3M CM REC 1.85% 2045 MAY 15		300,000		–
CCP_IRS._P USD-LIBOR-BBA 3M CM REC 1.86% 2045 MAY 15		500,000		–
CCP_IRS._R EUR-EURIBOR-REUTERS PAY 0.0% 2021 DEC 18		5,800,000		(55,882	)
CCP_IRS._R EUR-EURIBOR-REUTERS PAY 0.5% 2029 DEC 18		200,000		(9,006	)
CCP_IRS._R JPY-LIBOR-BBA 6M CM PAY 0.33% 2049 NOV 29		90,000,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.63% 2050 FEB 03		300,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 1.63% 2050 JAN 16		100,000		–
CCP_IRS._R USD-LIBOR-BBA 3M CM PAY 2.25% 2049 DEC 11		300,000		(31,265	)
CCS EUR R US3ML-EUR3ML-18.3MYC 2029 DEC 18		300,000		333,780
CCS USD P US3ML-EUR3ML-18.3MYC 2029 DEC 18		330,000		(330,000	)
CCS USD P US3ML-EUR3ML-23.625 2029 OCT 23		990,000		(990,000	)
CCS001520 CYS USD P V 03MLIBOR 1% 16 Oct 2029		336,795		336,795
CCS0015B0 CYS USD P V 03MLIBOR 1% 23 Oct 2029		990,000		990,000
CCS0079R8 CYS USD P V 03MLIBOR 1% 27 Aug 2029		473,620		473,620
CCS0847G3 CYS EUR R V 03MEURIB 1% 18 Sep 2029		400,000		441,900
CCS0847G3 CYS USD P V 03MLIBOR 1% 18 Sep 2029		449,179		449,179
CCS220633 CYS USD P V 03MLIBOR 1% 31 Jul 2029		552,000		552,000
CENTENE CORP TRS		10,951		(187,028	)
CHICAGO ETHANOL S APR19 XNYM 20190430		13		728,448
CHICAGO ETHANOL S AUG19 XNYM 20190830		12		742,770
CHICAGO ETHANOL S DEC19 XNYM 20191231		3		172,655
CHICAGO ETHANOL S JUN19 XNYM 20190628		9		520,905
CHICAGO ETHANOL S MAR19 XNYM 20190329		24		1,333,256
CHICAGO ETHANOL S MAY19 XNYM 20190531		12		694,651
CHICAGO ETHANOL S NOV19 XNYM 20191129		3		172,655
CHICAGO ETHANOL S OCT19 XNYM 20191031		5		288,785
CNC 031519 P60		27		3,128
CNC 041819 C70		94		7,476
CNC 041819 P52.5		32		2,452
CNC 041819 P55		30		3,085
CNC 041819 P60		28		2,421
CNC 062119 P50 OTC		31		1,829
CNC 092019 P42.5		82		5,277
COCOA FUTURE DEC19 IFUS 20191213		3		66,704
COCOA FUTURE JUL19 IFUS 20190716		11		253,288
COCOA FUTURE MAY19 IFUS 20190515		12		271,298
COCOA FUTURE SEP19 IFUS 20190913		3		73,828
COFFEE ‘C’ FUTURE DEC19 IFUS 20191218		3		123,927
COFFEE ‘C’ FUTURE JUL19 IFUS 20190719		7		245,200
COFFEE ‘C’ FUTURE MAY19 IFUS 20190520		2		80,888
COFFEE ‘C’ FUTURE SEP19 IFUS 20190918		7		253,975
COPPER FUTURE JUL19 XCEC 20190729		2		142,406
COPPER FUTURE MAR19 XCEC 20190327		2		141,875
CORN FUTURE DEC20 XCBT 20201214		12		245,626
CORN FUTURE JUL20 XCBT 20200714		14		314,442
CORN FUTURE MAR20 XCBT 20200313		17		327,384
CORN FUTURE MAY19 XCBT 20190514		37		702,222
COTTON NO.2 FUTR DEC19 IFUS 20191206		5		164,451
COTTON NO.2 FUTR JUL19 IFUS 20190709		3		110,820
COTTON NO.2 FUTR MAY19 IFUS 20190508		2		72,490

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
CRUDE OIL FUT OPT APR19C 58 EXP 03/15/2019		12		14,117
CRUDE OIL FUT OPT APR19C 60 EXP 03/15/2019		12		13,728
CRUDE OIL FUT OPT AUG19C 68.5 EXP 07/17/2019		12		10,817
CRUDE OIL FUT OPT JUL19C 68 EXP 06/17/2019		12		10,389
CRUDE OIL FUT OPT JUL19C 68.5 EXP 06/17/2019		12		10,637
CRUDE OIL FUT OPT JUN19C 62.5 EXP 05/16/2019		12		12,019
CRUDE OIL FUT OPT JUN19C 63 EXP 05/16/2019		12		11,373
CRUDE OIL FUT OPT JUN20P 45 EXP 05/14/2020		10		18,964
CRUDE OIL FUT OPT MAY19C 59 EXP 04/16/2019		12		11,302
CRUDE OIL FUT OPT MAY19C 60.5 EXP 04/16/2019		12		10,893
CRUDE OIL FUT OPT NOV19C 62 EXP 10/17/2019		12		11,237
CRUDE OIL FUT OPT OCT19C 65 EXP 09/17/2019		12		11,427
CRUDE OIL FUT OPT SEP19C 60 EXP 08/15/2019		12		13,277
DD 090619 P63 OTC		54		5,508
DD 092019 P60		29		2,435
DD 101819 P67.5		26		1,799
DD 102519 P67.5		25		1,899
DD 122019 P62.5 LISTED		58		4,309
DIS 031519 C113 OTC		15		1,515
DISH NETWORK CORP-RTS		2,014		–
DTD BRT/BRT 1ST LNAPR20 IFEU 20200430		1		600
DTD BRT/BRT 1ST LNAUG20 IFEU 20200831		1		600
DTD BRT/BRT 1ST LNDEC20 IFEU 20201231		1		600
DTD BRT/BRT 1ST LNFEB20 IFEU 20200228		1		600
DTD BRT/BRT 1ST LNJAN20 IFEU 20200131		1		600
DTD BRT/BRT 1ST LNJUL20 IFEU 20200731		1		600
DTD BRT/BRT 1ST LNJUN20 IFEU 20200630		1		600
DTD BRT/BRT 1ST LNMAR20 IFEU 20200331		1		600
DTD BRT/BRT 1ST LNMAY20 IFEU 20200529		1		600
DTD BRT/BRT 1ST LNNOV20 IFEU 20201130		1		600
DTD BRT/BRT 1ST LNOCT20 IFEU 20201030		1		600
DTD BRT/BRT 1ST LNSEP20 IFEU 20200930		1		600
DUPONT DE NEMOURS INC PUT OCT 19 067.500 ED 10/25/19		25		(1,264	)
DUZ9P112.2 DEC19 112.2 PUT FSO		24		2,274
DWDP 042619 P37 OTC		46		1,472
DXC 031519 P63.5 OTC		25		1,600
DXC 041819 P62.5		30		2,532
DXC 051719 P60		12		1,008
DXC 101819 P28		61		4,207
DXC 101819 P31		56		5,326
DXC 111519 C32		15		5,532
DXC 111519 C37		29		935
DXC TECHNOLOGY CO CALL NOV 19 032.000 ED 111519		15		5,532
EURO BOBL FUTURE DEC19 XEUR 20191206		11		1,638,249
EURO BTP FUTURE SEP19 XEUR 20190906		28		4,472,463
EURO BUND FUTURE SEP19 XEUR 20190906		23		4,510,673
EURO BUXL 30Y BND JUN19 XEUR 20190606		5		1,113,429
EURO BUXL 30Y BND SEP19 XEUR 20190906		5		1,248,014
EURO OAT FUTURE DEC 19 XEUX 20191206		3		(3,337	)
EURO OAT FUTURE SEP19 XEUR 20190906		40		7,204,500
EURO-BOBL FUTURE JUN19 XEUR 20190606		27		4,034,547
EURO-BOBL FUTURE SEP19 XEUR 20190906		24		3,584,792
EURO-BTP FUTURE JUN19 XEUR 20190606		12		1,748,331

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
EURO-BUND FUTURE DEC19 XEUR 20191206		39		7,482,194
EURO-BUND FUTURE JUN19 XEUR 20190606		20		3,718,976
EURO-OAT FUTURE DEC19 XEUR 20191206		5		940,498
EURO-OAT FUTURE JUN19 XEUR 20190606		37		6,696,055
EURO-SCHATZ FUT DEC19 XEUR 20191206		107		13,344,073
EURO-SCHATZ FUT JUN19 XEUR 20190606		59		7,399,888
EURO-SCHATZ FUT SEP19 XEUR 20190906		70		8,751,615
FERGUSON PLC TRS		19,695		172,903
FISV 041819 C87.5 OTC		19		2,204
FISV 041819 P83 OTC		20		1,720
FISV 062119 C87.5 OTC		19		2,128
FISV 062119 C91 OTC		18		1,638
FISV 071919 C91 OTC		55		5,420
FISV 092019 C108 OTC		51		6,875
FISV 092019 C110		15		1,454
FISV 092019 C95 OTC		90		84,600
FISV 122019 C100 OTC		90		73,980
FLT 062119 C270		6		2,260
FLT 092019 C300		6		3,677
FLT 092019 C307.5 OTC		11		3,905
FLT 101819 P277.5 OTC		6		1,722
FLT 122019 C310 LISTED		4		1,269
GASOLINE RBOB FUT JUL19 XNYM 20190628		45		3,586,625
GASOLINE RBOB FUT MAY19 XNYM 20190430		48		3,666,439
GASOLINE RBOB FUT NOV19 XNYM 20191031		12		767,650
GASOLINE RBOB FUT SEP19 XNYM 20190830		12		925,626
GLOBEX NATURL GAS APR19 XNYM 20190326		10		271,343
GLOBEX NATURL GAS AUG19 XNYM 20190726		13		296,175
GLOBEX NATURL GAS DEC19 XNYM 20191125		3		80,100
GLOBEX NATURL GAS FEB19 XNYM 20190128		2		62,234
GLOBEX NATURL GAS JUL19 XNYM 20190625		11		261,602
GLOBEX NATURL GAS JUN19 XNYM 20190528		22		589,795
GLOBEX NATURL GAS MAY19 XNYM 20190425		25		644,864
GLOBEX NATURL GAS NOV19 XNYM 20191125		2		(3,180	)
GLOBEX NATURL GAS OCT19 XNYM 20190925		3		67,950
GLOBEX NATURL GAS SEP19 XNYM 20190827		3		64,470
GOLD 100 OZ FUTR APR19 XCEC 20190426		14		1,805,966
GOLD 100 OZ FUTR AUG19 XCEC 20190828		9		1,167,700
GOLD 100 OZ FUTR DEC19 XCEC 20191227		11		1,603,513
GOLD 100 OZ FUTR JUN19 XCEC 20190626		9		1,170,047
GOOG 032919 P1065		2		2,298
HLT 122019 C103 OTC		18		1,656
HMB.SS 122019 P160 OTC		666		4,841
HUM 062119 P240		14		4,918
HUM 071919 C270		6		2,022
HUM 092019 C315		6		1,965
HUM 092019 P275 OTC		13		4,186
ICE NAT GAS FUTR JUL19 IFEU 20190627		5		52,154
ICE NAT GAS FUTR SEP19 IFEU 20190829		5		53,348
ICE NAT GAS OPT JUL19P 32 EXP 06/26/2019		5		2,631
ICE NAT GAS OPT SEP19P 32 EXP 08/27/2019		5		2,631
INTC 032919 C53		31		2,293
INTC 041219 C56		29		1,682

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
JPN 10Y BOND(OSE) DEC 19 XOSE 20191214		–		(9,208	)
JPN 10Y BOND(OSE) JUN19 XOSE 20190613		1		1,389,940
JPN 10Y BOND(OSE) MAR 20 XOSE 20200315		1		966
JPN 10Y BOND(OSE) SEP19 XOSE 20190912		2		2,881,953
JPY/USD SPOT OPTION 2019 CALL NOV 19 109.500 ED 112619		748,000		692
KC HRW WHEAT FUT DEC19 XCBT 20191213		5		108,743
KC HRW WHEAT FUT JUL20 XCBT 20200714		2		46,344
KC HRW WHEAT FUT MAY19 XCBT 20190514		5		118,568
KC HRW WHEAT FUT SEP19 XCBT 20190913		30		645,037
KC WHEAT FUT OPT JUL19P 410 EXP 06/21/2019		1		317
KC WHEAT FUT OPT JUL19P 420 EXP 06/21/2019		3		1,343
KC WHEAT FUT OPT JUL19P 425 EXP 06/21/2019		1		547
KKR 042619 P22.5		74		1,773
KKR 062119 C25 OTC		65		2,535
KKR 062119 C25.5 OTC		75		1,575
KKR 090619 P23.5		72		2,445
KRW/USD SPOT OPTION 2020 CALL FEB 20 1195.000 ED 022020		400,000		3,480
KRW/USD SPOT OPTION 2020 CALL FEB 20 1197.000 ED 022420		400,000		3,340
KRW/USD SPOT OPTION 2020 PUT FEB 20 1150.600 ED 022020		400,000		(780	)
KRW/USD SPOT OPTION 2020 PUT FEB 20 1156.350 ED 022420		400,000		(1,140	)
LAND SECURITIES GROUP PLC TRS		34,334		(54,506	)
LARGAN PRECISION CO LTD TRS		17,619		(296,581	)
LEAN HOGS FUTURE APR 20 XCME 20200315		3		(1,392	)
LEAN HOGS FUTURE AUG19 XCME 20190814		4		145,416
LEAN HOGS FUTURE FEB 20 XCME 20200215		3		3,643
LEAN HOGS FUTURE JUL19 XCME 20190715		4		157,180
LEAN HOGS FUTURE JUN19 XCME 20190614		2		76,750
LEAN HOGS FUTURE OCT19 XCME 20191014		5		153,647
LIVE CATTLE FUTR APR19 XCME 20190430		6		301,725
LIVE CATTLE FUTR AUG19 XCME 20190830		13		555,701
LIVE CATTLE FUTR DEC19 XCME 20191231		2		86,072
LIVE CATTLE FUTR JUN19 XCME 20190628		7		323,504
LIVE CATTLE FUTR OCT19 XCME 20191031		12		485,261
LME NICKEL FUTURE JUL19 XLME 20190717		2		149,904
LME NICKEL FUTURE MAY19 XLME 20190515		2		152,958
LME NICKEL FUTURE NOV19 XLME 20191118		4		363,414
LME NICKEL FUTURE SEP19 XLME 20190918		3		215,640
LME PRI ALUM FUTR JUL19 XLME 20190717		5		229,819
LME PRI ALUM FUTR MAY19 XLME 20190515		2		93,256
LME PRI ALUM FUTR NOV19 XLME 20191120		1		44,138
LME PRI ALUM FUTR SEP19 XLME 20190918		3		130,969
LME ZINC FUTURE JUL19 XLME 20190717		3		214,106
LME ZINC FUTURE MAY19 XLME 20190515		3		201,644
LME ZINC FUTURE SEP19 XLME 20190918		4		243,331
LONG GILT FUTURE DEC19 IFLL 20191227		7		1,149,422
LONG GILT FUTURE JUN19 IFLL 20190626		19		3,157,326
LONG GILT FUTURE SEP19 IFLL 20190926		29		4,760,765
LOW 021519 C100		16		1,552
LOW 021519 P87.5		18		1,768
LOW 021519 P89.5		36		3,400
LOW 041819 C105		15		1,508
LOW 041819 P97.5		16		1,847
LOW 051719 C112.5 OTC		30		3,750

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
LOW 071919 C102 OTC		17		2,040
LOW 081619 C108 OTC		17		1,649
LOW 101819 C112.5 OTC		46		8,234
LOW 101819 C115 OTC		28		5,116
LOW 111519 P102.5 OTC		17		2,295
LOW 122019 P114 LISTED		1		112
LOW SU GASOIL G FEB 20 IFEU 20200210		8		16,033
LOW SU GASOIL G JUL19 IFEU 20190711		5		285,858
LOW SU GASOIL G MAY19 IFEU 20190510		3		176,265
LOW SU GASOIL G NOV19 IFEU 20191112		4		235,622
LOW SU GASOIL G SEP19 IFEU 20190912		9		509,038
LVS 062119 C70		24		2,450
LVS 062119 P55 OTC		31		2,759
MA 011819 P177.5		9		1,896
MA 031519 C220		15		5,729
MARS ARG V WTI SW APR19 XNYM 20190430		2		10,170
MARS ARG V WTI SW JUN19 XNYM 20190628		2		9,820
MARS ARG V WTI SW MAR19 XNYM 20190329		2		11,800
MARS ARG V WTI SW MAY19 XNYM 20190531		2		10,910
MGM US 0919 C32.00		55		2,626
MNST 111519 C58		109		9,913
MNST 111519 C61		219		8,591
MNST 122019 P57 LISTED		31		1,828
MONSTER BEVERAGE CORP CALL NOV 19 058.000 ED 111519		109		9,912
MONSTER BEVERAGE CORP CALL NOV 19 061.000 ED 111519		219		(2,665	)
MSFT 031519 P100		16		1,553
MSFT 041819 C117 OTC		14		1,582
MSFT 041819 C120		28		3,611
MSFT 062119 C135		25		3,499
MSFT 062119 P120		14		1,923
MSFT 091319 C143		12		1,832
MSFT 092019 C140		13		2,833
MSFT 092019 C143		24		3,775
MSFT 101819 C140		13		2,813
MSFT 122019 C150		11		1,643
NAT GAS EUR FUTURE FEB 20 PUT JAN 20 002.400 ED 12/26/19		2		(2,122	)
NAT GAS EURO OPT APR19C 2.85 EXP 03/26/2019		2		1,420
NAT GAS EURO OPT APR19P 2.55 EXP 03/26/2019		2		965
NAT GAS EURO OPT APR19P 2.65 EXP 03/26/2019		24		11,631
NAT GAS EURO OPT AUG19P 2.45 EXP 07/26/2019		12		4,516
NAT GAS EURO OPT DEC19C 3.2 EXP 11/25/2019		10		6,064
NAT GAS EURO OPT DEC19C 3.35 EXP 11/25/2019		5		3,589
NAT GAS EURO OPT DEC19P 2.3 EXP 11/25/2019		10		5,964
NAT GAS EURO OPT DEC19P 2.35 EXP 11/25/2019		12		8,477
NAT GAS EURO OPT DEC19P 2.45 EXP 11/25/2019		5		5,239
NAT GAS EURO OPT JUL19P 2.4 EXP 06/25/2019		12		4,997
NAT GAS EURO OPT JUN19P 2.7 EXP 05/28/2019		12		4,217
NAT GAS EURO OPT JUN19P 2.75 EXP 05/28/2019		12		4,601
NAT GAS EURO OPT MAY19P 2.6 EXP 04/25/2019		12		5,986
NAT GAS EURO OPT MAY19P 2.65 EXP 04/25/2019		12		4,893
NAT GAS EURO OPT NOV19C 2.45 EXP 10/28/2019		12		7,517
NAT GAS EURO OPT NOV19P 2.05 EXP 10/28/2019		12		7,637
NAT GAS EURO OPT OCT19P 2.1 EXP 09/25/2019		12		7,877

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
NAT GAS EURO OPT OCT19P 2.15 EXP 09/25/2019		12		8,744
NAT GAS EURO OPT SEP19C 2.6 EXP 08/27/2019		12		4,041
NAT GAS EURO OPT SEP19P 2.1 EXP 08/27/2019		12		5,259
NAT GAS EURO OPT SEP19P 2.2 EXP 08/27/2019		2		2,082
NATURAL GAS FUTR APR20 XNYM 20200327		45		1,171,740
NATURAL GAS FUTR AUG19 XNYM 20190729		36		916,177
NATURAL GAS FUTR DEC19 XNYM 20191126		47		1,265,774
NATURAL GAS FUTR JUL19 XNYM 20190626		43		1,111,707
NATURAL GAS FUTR JUN19 XNYM 20190529		35		912,251
NATURAL GAS FUTR MAR 21 XNYM 20210329		4		(732	)
NATURAL GAS FUTR MAY20 XNYM 20200428		40		969,250
NATURAL GAS FUTR NOV19 XNYM 20191029		22		517,776
NATURAL GAS FUTR SEP19 XNYM 20190828		42		979,499
NICKEL FUTURE(LME) EXP JAN 20		3		(18	)
NKE 051719 C87.5		37		3,477
NKE 062119 C87.5		19		1,895
NOK/EUR SPOT OPTION 2020 PUT JAN 20 098.870 ED 01/23/20		450,000		3,338
NY HARB ULSD FUT AUG19 XNYM 20190731		1		89,400
NY HARB ULSD FUT DEC19 XNYM 20191129		3		251,954
NY HARB ULSD FUT JUL19 XNYM 20190628		6		495,182
NY HARB ULSD FUT MAY19 XNYM 20190430		1		84,189
NY HARB ULSD FUT NOV19 XNYM 20191031		6		463,929
NY HARB ULSD FUT SEP19 XNYM 20190830		10		845,654
NYM ECAL WTI BRENT SPRD FUT 07 MAY19 6 CALL		2		1,053
NYM ECAL WTI BRENT SPRD FUT MAY19 7 CALL		1		797
NYM EPUT WTI BRENT SPRD FUT 07 MAY19 10 PUT		1		57
NYM EPUT WTI BRENT SPRD FUT MAY19 9 PUT		2		553
OC 092019 P50		34		3,228
OC 101819 C62.5		28		2,071
OC US 0819 P55.00		31		1,673
OEX9C136.5 NOV19 136.5 CALL FSO		7		2,578
OEX9P136.5 NOV19 136.5 PUT FSO		7		3,331
OEZ9C136.5 DEC19 136.5 CALL FSO		7		3,876
OEZ9P136.5 DEC19 136.5 PUT FSO		7		3,732
PLATINUM FUTURE JAN20 XNYM 20200129		7		338,213
PLATINUM FUTURE JUL19 XNYM 20190729		15		622,683
PLATINUM FUTURE OCT19 XNYM 20191029		15		678,477
PRI ALUMINUM FUTURE (LME) EXP MAR 20		1		(6	)
ROLLS-ROYCE HOLDINGS -C SHR TRS		6,719,440		8,793
ROLLS-ROYCE HOLDINGS-ENT TRS		9,471,400		3,478
RXK9C164 MAY19 164 CALL FSO		3		1,537
RXK9P160.5 MAY19 160.5 PUT FSO		3		1,059
RXM9C165 JUN19 165 CALL FSO		3		2,249
RXM9C165.5 JUN19 165.5 CALL FSO		3		1,989
RXM9P161.5 JUN19 161.5 PUT FSO		6		2,239
RXU9C174.5 SEP19 174.5 CALL FSO		3		1,580
RXU9P172 SEP19 172 PUT FSO		3		1,580
RXV9C175.5 OCT19 175.5 CALL FSO		6		6,657
RXV9P175.5 OCT19 175.5 PUT FSO		6		8,810
RXX9P170.5 NOV19 170.5 PUT FSO		22		6,870
RXX9P173 NOV19 173 PUT FSO		22		22,423
RXZ9C173 DEC19 173 CALL FSO		2		3,037
RXZ9C175 DEC19 175 CALL FSO		5		4,467

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
RXZ9C178.5 DEC19 178.5 CALL FSO		11		9,906
RXZ9P173 DEC19 173 PUT FSO		2		2,948
RXZ9P175 DEC19 175 PUT FSO		5		10,258
SCHW 031519 C50		97		6,293
SCHW 062119 C46		35		2,876
SCHW 062119 C48		12		708
SILVER FUTURE DEC19 XCEC 20191227		6		556,970
SILVER FUTURE JUL19 XCEC 20190729		12		914,649
SILVER FUTURE MAR19 XCEC 20190327		2		157,950
SILVER FUTURE MAY19 XCEC 20190529		10		756,598
SILVER FUTURE SEP19 XCEC 20190926		11		908,201
SOYBEAN FUTURE JAN20 XCBT 20200114		14		642,475
SOYBEAN FUTURE MAR20 XCBT 20200313		14		643,722
SOYBEAN FUTURE MAY19 XCBT 20190514		2		89,675
SOYBEAN FUTURE NOV20 XCBT 20201113		6		283,851
SOYBEAN MEAL FUTR DEC19 XCBT 20191213		4		123,604
SOYBEAN MEAL FUTR JAN20 XCBT 20200114		1		29,620
SOYBEAN MEAL FUTR JUL19 XCBT 20190712		4		122,465
SOYBEAN MEAL FUTR MAY19 XCBT 20190514		1		30,940
SOYBEAN MEAL FUTURE (CBT) EXP MAR 20		1		859
SOYBEAN OIL FUTR DEC19 XCBT 20191213		13		220,078
SOYBEAN OIL FUTR JAN20 XCBT 20200114		2		34,525
SOYBEAN OIL FUTR JUL19 XCBT 20190712		15		252,518
SOYBEAN OIL FUTR MAY19 XCBT 20190514		7		123,045
SOYBEAN OIL FUTURE (CBT) EXP MAR 20		1		2,861
STANDARD CHARTERED PLC TRS		56,169		59,185
STZ 031519 C175		9		2,268
STZ 031519 C182.5 OTC		5		860
SUGAR 11 (WORLD) JUL19 IFUS 20190628		28		398,578
SUGAR 11 (WORLD) MAR20 IFUS 20200228		36		517,630
SUGAR 11 (WORLD) OCT19 IFUS 20190930		37		502,309
SWPC0HY45 CDS EUR P V 03MEVENT 1% 20 Jun 2024		200,000		224,310
SWPC0HY52 CDS USD P V 03MEVENT 1% 20 Jun 2024		2,700,000		2,700,000
SWPC0HY52 CDS USD R F 1.00000 1% 20 Jun 2024		2,700,000		2,756,999
SWPC0HY94 CDS USD P V 03MEVENT 1% 20 Jun 2024		200,000		200,000
SWPC0HY94 CDS USD R F 1.00000 1% 20 Jun 2024		200,000		191,180
SWPC0I5Z6 CDS EUR P V 03MEVENT 1% 20 Dec 2019		100,000		112,020
SWU00RU54 IRS GBP P V 06MLIBOR 1% 19 Jun 2024		4,900,000		6,348,195
SWU00RU54 IRS GBP R F 1.50000 1.5% 19 Jun 2024		4,900,000		6,329,310
SWU00RU62 IRS GBP P V 06MLIBOR 1% 19 Jun 2029		300,000		390,285
SWU00RU62 IRS GBP R F 1.50000 1.5% 19 Jun 2029		300,000		396,237
SWU00RZR1 IRS USD P F .00000 1% 19 Jun 2024		1,200,000		1,200,000
SWU00RZR1 IRS USD R F .00000 1% 19 Jun 2024		1,200,000		1,237,440
SWU00RZS9 IRS USD P V 03MLIBOR 1% 19 Jun 2024		1,400,000		1,400,000
SWU00RZS9 IRS USD R F 3.00000 3% 19 Jun 2024		1,400,000		1,437,258
SWU00RZY6 IRS USD P V 03MLIBOR 1% 19 Jun 2029		900,000		900,000
SWU00RZY6 IRS USD R F 3.00000 3% 19 Jun 2029		900,000		948,092
SWU00S6N0 IRS CAD P V 03MCDOR 1% 19 Jun 2029		2,600,000		1,946,646
SWU00S6N0 IRS CAD R F 2.50000 2.5% 19 Jun 2029		1,700,000		1,358,970
SWU00SCU7 IRS JPY P V 06MLIBOR 1% 24 Jan 2049		7,000,000		63,962
SWU00SCU7 IRS JPY R F .72380 0.723% 24 Jan 2049		7,000,000		67,364
SWU00SI72 IRS EUR P V 06MEURIB 1% 19 Jun 2029		4,200,000		4,717,861
SWU00SI72 IRS EUR R F 1.31000 1.31% 19 Jun 2029		400,000		474,452

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
SWU00SMX0 IRS SEK P V 03MSTIBO 1% 19 Jun 2029		800,000		85,237
SWU00SZS7 IRS EUR P V 06MEURIB 1% 18 Sep 2024		6,000,000		6,807,900
SWU00SZS7 IRS EUR R F .25000 0.25% 18 Sep 2024		6,000,000		6,855,668
SWU00SZT5 IRS EUR P V 06MEURIB 1% 18 Sep 2029		4,000,000		4,527,701
SWU00SZT5 IRS EUR R F .75000 0.75% 18 Sep 2029		4,000,000		4,390,269
SWU00SZU2 IRS EUR P V 06MEURIB 1% 18 Sep 2049		300,000		335,215
SWU00SZU2 IRS EUR R F 1.25000 1.25% 18 Sep 2049		300,000		412,968
SWU00SZZ1 IRS GBP P V 06MLIBOR 1% 18 Sep 2024		1,400,000		1,846,391
SWU00SZZ1 IRS GBP R F 1.25000 1.25% 18 Sep 2024		1,400,000		1,786,990
SWU00T012 IRS GBP P V 06MLIBOR 1% 18 Sep 2029		200,000		244,890
SWU00T012 IRS GBP R F 1.50000 1.5% 18 Sep 2029		200,000		265,214
SWU00T020 IRS GBP P V 06MLIBOR 1% 18 Sep 2049		600,000		796,980
SWU00T020 IRS GBP R F 1.50000 1.5% 18 Sep 2049		600,000		890,509
SWU00T0V6 IRS EUR P V 06MEURIB 1% 08 Mar 2029		1,900,000		2,147,856
SWU00T0V6 IRS EUR R F 1.00000 1% 08 Mar 2029		1,900,000		2,217,413
SWU00T160 IRS CAD P V 03MCDOR 1% 07 Mar 2049		300,000		223,314
SWU00TOR9 IRS ILS P V 03MTELBO 1% 25 Apr 2029		700,000		194,070
SWU00TOY4 IRS ILS P V 03MTELBO 1% 25 Apr 2029		400,000		110,538
SWU00TPH0 IRS ILS P V 03MTELBO 1% 29 Apr 2029		400,000		110,538
SWU00TRZ8 IRS ILS P V 03MTELBO 1% 01 May 2029		500,000		138,313
SWU00U746 IRS JPY P V 06MLIBOR 1% 19 Jun 2049		160,000,000		1,462,997
SWU00UAE0 IRS CNY P V 00MCNRR 1% 19 Jun 2024		8,100,000		1,172,163
SWU00UAZ3 IRS CNY P V 00MCNRR 1% 19 Jun 2024		7,400,000		1,071,082
SWU00UDU1 IRS EUR P V 06MEURIB 1% 18 Dec 2024		1,200,000		1,347,120
SWU00UDV9 IRS EUR P V 06MEURIB 1% 18 Dec 2029		4,200,000		4,736,053
SWU00UDV9 IRS EUR R F .50000 0.5% 18 Dec 2029		4,200,000		4,846,801
SWU00UDW7 IRS EUR P V 06MEURIB 1% 18 Dec 2049		200,000		224,450
SWU00UDY3 IRS GBP P V 06MLIBOR 1% 18 Dec 2024		4,900,000		6,152,687
SWU00UEC0 IRS USD P V 03MLIBOR 1% 18 Dec 2029		200,000		200,000
SWU00UEC0 IRS USD R F 2.75000 2.75% 18 Dec 2029		200,000		223,317
SWU00UEJ5 IRS USD P V 03MLIBOR 1% 18 Dec 2049		800,000		800,000
SWU00UEJ5 IRS USD R F 3.00000 3% 18 Dec 2049		800,000		1,069,472
SWU00UG12 IRS CAD P V 03MCDOR 1% 18 Dec 2029		500,000		376,407
SWU00UYF1 IRS CNY P V 00MCNRR 1% 05 Jul 2024		6,900,000		1,004,148
SWU00UZI4 IRS EUR P V 06MEURIB 1% 13 Jul 2050		100,000		112,065
SWU00UZI4 IRS EUR R F .69000 0.69% 13 Jul 2050		100,000		112,065
SWU00V1F5 IRS EUR P V 06MEURIB 1% 15 Jul 2030		150,000		168,795
SWU00V1F5 IRS EUR R F .31500 0.315% 15 Jul 2030		150,000		168,795
SWU00V7Z5 IRS CNY P V 00MCNRR 1% 25 Jul 2024		8,100,000		1,177,326
SWU00VS25 IRS USD P V 03MLIBOR 1% 21 Aug 2050		150,000		150,000
SWU00VSJ8 IRS EUR P V 06MEURIB 1% 14 Jul 2050		100,000		110,890
SWU00VSJ8 IRS EUR R F .14700 0.147% 14 Jul 2050		100,000		110,890
SWU00VTE8 IRS EUR P V 06MEURIB 1% 13 Jul 2050		100,000		110,935
SWU00VTE8 IRS EUR R F .19180 0.191% 13 Jul 2050		100,000		110,935
SWU00VUE6 IRS USD P V 03MLIBOR 1% 25 Aug 2051		150,000		150,000
SWU00VW12 IRS USD P V 03MLIBOR 1% 18 Dec 2049		400,000		400,000
SWU00VW12 IRS USD R F 1.75000 1.75% 18 Dec 2049		400,000		398,189
SWU00VWX2 IRS USD P V 12MFEDL 1% 30 Oct 2019		67,300,000		67,300,000
SWU00VXP8 IRS USD P V 03MLIBOR 1% 31 Aug 2051		150,000		150,000
SWU00VY10 IRS EUR P V 06MEURIB 1% 27 Jul 2030		300,000		333,030
SWU00VY10 IRS EUR R F .00000 0% 27 Jul 2030		300,000		333,030
SWU00VYM4 IRS USD P V 12MFEDL 1% 30 Oct 2019		67,400,000		67,400,000
SWU00W8O7 IRS EUR P V 06MEURIB 1% 18 Mar 2025		5,600,000		6,207,043

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
SWU00W8Q2 IRS EUR P V 06MEURIB 1% 18 Mar 2050		250,000		274,937
SWU00W8W9 IRS GBP P V 06MLIBOR 1% 18 Mar 2025		1,100,000		1,373,186
SWU00W8X7 IRS GBP P V 06MLIBOR 1% 18 Mar 2050		600,000		749,010
SWU079365 TRS USD P E COMMODITYSPREAD		1,200		4,140
SWU084779 TRS USD P E COMMODITYSPREAD		3,400		9,475
SWU084779 TRS USD R E COMMODITYSPREAD		3,400		4,914
SWU086519 TRS USD P E S X9 COMMODITYFORWAR		35,000		35,000
SWU086527 TRS USD P E COMMODITYSPREAD		1,500		1,500
SWU086527 TRS USD R E COMMODITYSPREAD		1,500		3,039
SWU086535 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU086550 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU086550 TRS USD R E COMMODITYSPREAD		1,200		2,335
SWU086568 TRS USD P E COMMODITYSPREAD		6,300		6,300
SWU086568 TRS USD R E COMMODITYSPREAD		6,300		12,447
SWU087087 IRS USD P V 01MLIBOR 1% 23 May 2029		3,600,000		3,600,000
SWU0AZ249 TRS USD P E COMMODITYSPREAD		900		900
SWU0AZ249 TRS USD R E COMMODITYSPREAD		600		441
SWU0AZ256 TRS USD P E COMMODITYSPREAD		900		900
SWU0AZ256 TRS USD R E COMMODITYSPREAD		600		444
SWU0DF224 TRS USD P V 03MTBILL 1% 14 Feb 2020		149,064,243		149,064,243
SWU0DF224 TRS USD R E SWU0DF224 COMMODITYT		316,816		131,470,837
SWU0DF232 TRS USD P V 03MTBILL 1% 14 Feb 2020		115,741,165		115,741,165
SWU0DF232 TRS USD R E SWU0DF232 COMMODITYT		246,855		102,437,459
SWU0DF240 TRS USD P F .12000 0.12% 14 Feb 2020		11,951,868		11,951,868
SWU0DF240 TRS USD R E SWU0DF240 COMMODITYE		62,651		10,744,445
SWU0DF265 TRS USD P F .17000 1% 14 Feb 2020		20,967,847		20,967,847
SWU0DF265 TRS USD R E SWU0DF265 COMMODITYE		168,578		18,345,623
SWU0DF273 TRS USD P F .17000 1% 14 Feb 2020		20,766,838		20,766,838
SWU0DF273 TRS USD R E SWU0DF273 COMMODITYE		157,185		18,167,556
SWU0DF281 TRS USD P F .00000 0% 14 Feb 2020		5,788,651		5,788,651
SWU0DF281 TRS USD R E SWU0DF281 COMMODITYE		49,910		5,058,558
SWU0DF315 TRS USD P V 03MTBILL 1% 14 Feb 2020		62,999,986		62,999,986
SWU0DF315 TRS USD R E SWU0DF315 COMMODITYT		167,648		55,790,568
SWU0DF547 TRS USD P V 03MTBILL 1% 14 Feb 2020		62,914,664		62,914,664
SWU0DF547 TRS USD R E SWU0DF547 COMMODITYT		132,719		55,057,432
SWU0DF554 TRS USD P V 03MTBILL 1% 14 Feb 2020		29,934,322		29,934,322
SWU0DF554 TRS USD R E SWU0DF554 COMMODITYT		64,273		26,672,134
SWU0DF604 TRS USD P F .00000 0% 14 Feb 2020		5,783,548		5,783,548
SWU0DF604 TRS USD R E SWU0DF604 COMMODITYE		49,875		5,053,629
SWU0DF612 TRS USD P F .95000 0.95% 14 Feb 2020		5,237,531		5,237,531
SWU0DF612 TRS USD R E SWU0DF612 COMMODITYE		41,370		5,224,861
SWU0DF620 TRS USD P F .15000 0.15% 14 Feb 2020		54,706,484		54,706,484
SWU0DF620 TRS USD R E SWU0DF620 COMMODITYE		411,436		47,343,174
SWU0DF711 TRS USD P F .30000 0.3% 14 Feb 2020		16,987,167		16,987,167
SWU0DF711 TRS USD R E SWU0DF711 COMMODITYE		13,720		15,242,822
SWU0DF737 TRS USD P F .35000 0.35% 14 Feb 2020		18,079,413		18,079,413
SWU0DF737 TRS USD R E SWU0DF737 COMMODITYE		178,695		17,998,645
SWU0DUB21 TRS USD P E COMMODITYSPREAD		2,400		2,400
SWU0DUB39 TRS USD P E COMMODITYSPREAD		2,400		2,400
SWU0FL005 TRS USD P E COMMODITYSPREAD		309		309
SWU0FL161 TRS USD P E W Z9 COMMODITYFORWAR		45,000		45,000
SWU0FL203 TRS USD P E KWZ9 COMMODITYFORWAR		15,000		15,000
SWU0FL328 TRS USD P E KWZ9 COMMODITYFORWAR		10,000		10,000

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
SWU0FL351 TRS USD P E KWZ9 COMMODITYFORWAR		10,000		10,000
SWU0FL393 TRS USD P E KWZ9 COMMODITYFORWAR		10,000		10,000
SWU0FL518 TRS USD P E W Z9 COMMODITYFORWAR		10,000		10,000
SWU0FL526 TRS USD P E KWZ9 COMMODITYFORWAR		20,000		20,000
SWU0FL534 TRS USD P E W Z9 COMMODITYFORWAR		10,000		10,000
SWU0FL666 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU0JA138 TRS USD P E COMMODITYSPREAD		1,500		1,500
SWU0JA245 TRS USD P E COMMODITYSPREAD		12,000		12,000
SWU0JA351 TRS USD P E COMMODITYSPREAD		2,400		2,400
SWU0JA385 TRS USD P E COMMODITYSPREAD		240		240
SWU0JA716 TRS USD P E KWU9 COMMODITYFORWAR		20,000		20,000
SWU0JA716 TRS USD R E KWU9 COMMODITYFORWAR		20,000		23,745
SWU0JA724 TRS USD P E KWU9 COMMODITYFORWAR		15,000		15,000
SWU0JA724 TRS USD R E KWU9 COMMODITYFORWAR		15,000		15,599
SWU0JA930 TRS USD P E W U9 COMMODITYFORWAR		45,000		45,000
SWU0JA930 TRS USD R E W U9 COMMODITYFORWAR		45,000		36,470
SWU0JB037 TRS USD P E COMMODITYSPREAD		12,000		12,000
SWU0JB144 TRS USD P E KWU9 COMMODITYFORWAR		20,000		20,000
SWU0JB144 TRS USD R E KWU9 COMMODITYFORWAR		20,000		9,415
SWU0JB177 TRS USD P E KWU9 COMMODITYFORWAR		20,000		20,000
SWU0JB177 TRS USD R E KWU9 COMMODITYFORWAR		20,000		10,416
SWU0JB193 TRS USD P E W U9 COMMODITYFORWAR		20,000		20,000
SWU0JB193 TRS USD R E W U9 COMMODITYFORWAR		20,000		23,395
SWU0JB235 TRS USD P E COMMODITYSPREAD		2,100		2,100
SWU0JB235 TRS USD R E COMMODITYSPREAD		1,400		1,903
SWU0JB243 TRS USD P E KWU9 COMMODITYFORWAR		10,000		10,000
SWU0JB243 TRS USD R E KWU9 COMMODITYFORWAR		10,000		6,006
SWU0JB581 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU0JB581 TRS USD R E COMMODITYSPREAD		800		2,313
SWU0JB599 TRS USD P E COMMODITYSPREAD		900		900
SWU0JB599 TRS USD R E COMMODITYSPREAD		600		1,657
SWU0JB896 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU0JC126 TRS USD P E COMMODITYSPREAD		3,900		3,900
SWU0JC126 TRS USD R E COMMODITYSPREAD		2,600		1,910
SWU0JC282 TRS USD P F .00000 0% 28 Jun 2019		2,107,303		2,107,303
SWU0JC282 TRS USD R E COM SWAP R SPGCESP R		8,900		2,078,762
SWU0JC647 TRS USD P F .00000 0% 28 Jun 2019		21,593,397		21,593,397
SWU0JC647 TRS USD R E COM SWAP R SPGCESP (		91,200		21,301,475
SWU0JC779 TRS USD P E COMMODITYSPREAD		867		867
SWU0JC779 TRS USD R E COMMODITYSPREAD		578		1,331
SWU0JC902 TRS USD P E IBOXIG		2,781		800,000
SWU0JC902 TRS USD R V 03MLIBOR 1% 20 Sep 2019		800,000		800,000
SWU0JD454 TRS USD P E COMMODITYFORWARD		100		100
SWU0JD520 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU0JD975 TRS USD P E KWZ9 COMMODITYFORWAR		20,000		20,000
SWU0JH125 TRS USD P E IBOXIG		695		200,000
SWU0JH125 TRS USD R V 03MLIBOR 1% 20 Sep 2019		200,000		200,000
SWU0JH166 TRS USD P E COMMODITYSPREAD		900		900
SWU0JH166 TRS USD R E COMMODITYSPREAD		600		432
SWU0JH182 TRS USD P E COMMODITYSPREAD		300		300
SWU0JH414 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU0JH455 TRS USD P E IBOXIG		1,041		300,000
SWU0JH455 TRS USD R V 03MLIBOR 1% 20 Sep 2019		300,000		300,000

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
SWU0JH620 TRS USD P E COMMODITYSPREAD		600		600
SWU0JH620 TRS USD R E COMMODITYSPREAD		400		207
SWU0JH802 TRS USD P E COMMODITYSPREAD		2,100		2,100
SWU0JH802 TRS USD R E COMMODITYSPREAD		1,400		2,451
SWU0JH844 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU0RT823 TRS USD P E COMMODITYSPREAD		900		900
SWU0RT823 TRS USD R E COMMODITYSPREAD		500		1,320
SWU0SC183 TRS USD P E W H9 COMMODITYFORWAR		20,000		20,000
SWU0SC183 TRS USD R E W H9 COMMODITYFORWAR		20,000		20,250
SWU0SE437 TRS USD P E COMMODITYSPREAD		2,400		2,400
SWU0SE528 TRS USD P E KWN9 COMMODITYFORWAR		10,000		10,000
SWU0SE528 TRS USD R E KWN9 COMMODITYFORWAR		10,000		5,906
SWU0SE650 TRS USD P E KWN9 COMMODITYFORWAR		15,000		15,000
SWU0SE650 TRS USD R E KWN9 COMMODITYFORWAR		15,000		2,060
SWU0SE684 TRS USD P E W K9 COMMODITYFORWAR		20,000		20,000
SWU0SE684 TRS USD R E W K9 COMMODITYFORWAR		20,000		33,584
SWU0SE742 TRS USD P E W N9 COMMODITYFORWAR		45,000		45,000
SWU0SE742 TRS USD R E W N9 COMMODITYFORWAR		45,000		60,487
SWU0SE809 TRS USD P E KWN9 COMMODITYFORWAR		20,000		20,000
SWU0SE809 TRS USD R E KWN9 COMMODITYFORWAR		20,000		16,407
SWU0SE817 TRS USD P E KWN9 COMMODITYFORWAR		20,000		20,000
SWU0SE817 TRS USD R E KWN9 COMMODITYFORWAR		20,000		5,369
SWU0SE833 TRS USD P E COMMODITYSPREAD		867		867
SWU0SE833 TRS USD R E COMMODITYSPREAD		867		619
SWU0SF079 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU0SF079 TRS USD R E COMMODITYSPREAD		1,200		2,383
SWU0SF236 IRS USD P V 01MLIBOR 1% 18 Mar 2022		15,200,000		15,200,000
SWU0SF301 TRS USD P E COMMODITYSPREAD		1,500		1,500
SWU0SF301 TRS USD R E COMMODITYSPREAD		1,000		1,000
SWU0SF384 TRS USD P E COMMODITYSPREAD		867		867
SWU0SF509 TRS USD P E COMMODITYSPREAD		1,200		1,200
SWU0SF517 TRS USD P E W N9 COMMODITYFORWAR		20,000		20,000
SWU0SF517 TRS USD R E W N9 COMMODITYFORWAR		20,000		9,718
SWU0SF566 TRS USD P E COMMODITYSPREAD		600		600
SWU0SF707 TRS USD P E COMMODITYFORWARD		3,900		3,900
SWU0SF707 TRS USD R E COMMODITYFORWARD		3,400		6,301
SWU0SF731 TRS USD P E COMMODITYSPREAD		2,100		2,100
SWU0SG143 TRS USD P E SWU0SG143 COMMODITYE		3,959		459,645
SWU0SG143 TRS USD R F .00000 0% 21 Jun 2019		459,645		459,645
SWU0SG267 TRS USD P F .00000 0% 30 Sep 2019		2,079,996		2,079,996
SWU0SG275 TRS USD P F .00000 0% 30 Sep 2019		21,313,258		21,313,258
SWU0SH547 TRS USD P E COMMODITYSPREAD		3,300		3,300
SWU0SH554 TRS USD P E COMMODITYSPREAD		3,300		3,300
SWU0Z4118 TRS USD P E SWU0Z4118 COMMODITYT		378,663		63,701,963
SWU0Z4118 TRS USD R V 03MTBILL 1% 15 Jan 2020		57,489,059		57,489,059
SWU0ZA064 TRS USD P F .00000 1% 14 Feb 2020		11,225,778		11,225,778
SWU0ZA064 TRS USD R E SWU0ZA064 COMMODITYE		77,220		7,467,336
TMUS 122019 P75 LISTED		24		2,431
US 10YR FUT OPTN APR19C 123 EXP 03/22/2019		7		1,960
US 10YR FUT OPTN APR19P 121 EXP 03/22/2019		7		1,194
US 10YR FUT OPTN AUG19C 127 EXP 07/26/2019		7		2,835
US 10YR FUT OPTN AUG19C 129 EXP 07/26/2019		13		4,540
US 10YR FUT OPTN AUG19P 124.5 EXP 07/26/2019		7		2,507

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
US 10YR FUT OPTN AUG19P 125.5 EXP 07/26/2019		13		4,361
US 10YR FUT OPTN JUN19C 124 EXP 05/24/2019		7		1,523
US 10YR FUT OPTN JUN19C 124.5 EXP 05/24/2019		7		1,194
US 10YR FUT OPTN JUN19P 122 EXP 05/24/2019		7		976
US 10YR FUT OPTN JUN19P 122.5 EXP 05/24/2019		7		648
US 10YR FUT OPTN MAR19P 120.7 EXP 02/22/2019		7		1,085
US 10YR FUT OPTN MAY19C 125 EXP 04/26/2019		7		2,114
US 10YR FUT OPTN MAY19P 123 EXP 04/26/2019		7		849
US 10YR NOTE (CBT)DEC19 XCBT 20191219		71		9,296,077
US 10YR NOTE (CBT)JUN19 XCBT 20190619		238		29,557,785
US 10YR NOTE (CBT)SEP19 XCBT 20190919		251		32,483,616
US 10YR ULTRA FUT DEC19 XCBT 20191219		24		3,463,538
US 10YR ULTRA FUT JUN19 XCBT 20190619		12		1,574,187
US 10YR ULTRA FUT SEP19 XCBT 20190919		24		3,338,937
US 2YR NOTE (CBT) DEC19 XCBT 20191231		35		7,532,609
US 2YR NOTE (CBT) JUN19 XCBT 20190628		171		36,456,273
US 2YR NOTE (CBT) SEP19 XCBT 20190930		216		46,562,238
US 5YR FUTR OPTN APR19C 114.7 EXP 03/22/2019		11		1,576
US 5YR FUTR OPTN APR19P 113.7 EXP 03/22/2019		11		545
US 5YR FUTR OPTN JUL19C 116.5 EXP 06/21/2019		11		2,135
US 5YR FUTR OPTN JUL19P 115.2 EXP 06/21/2019		11		1,822
US 5YR FUTR OPTN NOV19C 119 EXP 10/25/2019		21		5,552
US 5YR FUTR OPTN NOV19P 117 EXP 10/25/2019		21		4,239
US 5YR NOTE (CBT) DEC19 XCBT 20191231		61		7,236,786
US 5YR NOTE (CBT) JUN19 XCBT 20190628		251		29,086,751
US 5YR NOTE (CBT) SEP19 XCBT 20190930		223		26,600,164
US LONG BOND(CBT) DEC19 XCBT 20191219		40		6,559,725
US LONG BOND(CBT) JUN19 XCBT 20190619		44		6,450,825
US LONG BOND(CBT) SEP19 XCBT 20190919		41		6,177,755
US ULTRA BOND CBT DEC19 XCBT 20191219		1		189,375
US ULTRA BOND CBT JUN19 XCBT 20190619		23		3,903,763
US ULTRA BOND CBT SEP19 XCBT 20190919		22		4,261,423
WHEAT FUTURE OPTN JUL19P 440 EXP 06/21/2019		5		3,048
WHEAT FUTURE OPTN JUL19P 450 EXP 06/21/2019		8		5,193
WHEAT FUTURE OPTN JUL19P 460 EXP 06/21/2019		7		5,046
WHEAT FUTURE(CBT) JUL20 XCBT 20200714		8		203,747
WHITE SUGAR (ICE) AUG19 IFEU 20190716		20		325,912
WHITE SUGAR (ICE) OCT19 IFEU 20190913		20		318,171
WTI CRUDE FUTURE APR20 XNYM 20200320		10		552,395
WTI CRUDE FUTURE AUG20 XNYM 20200721		5		259,462
WTI CRUDE FUTURE DEC21 IFEU 20211118		14		753,742
WTI CRUDE FUTURE FEB20 XNYM 20200121		30		1,727,550
WTI CRUDE FUTURE JUL20 XNYM 20200622		7		427,847
WTI CRUDE FUTURE JUN20 IFEU 20200518		11		585,534
WTI CRUDE FUTURE JUN 20 PUT ED 20200514		10		(7,128	)
WTI CRUDE FUTURE JUN22 XNYM 20220520		12		628,539
WTI CRUDE FUTURE MAR19 XNYM 20190220		5		269,787
WTI CRUDE FUTURE MAY20 XNYM 20200421		14		802,629
WTI CRUDE FUTURE NOV19 IFEU 20191021		1		56,193
WTI CRUDE FUTURE NOV20 XNYM 20201020		13		700,083
WTI CRUDE FUTURE OCT19 IFEU 20190919		2		113,274
WTI CRUDE FUTURE OCT19 XNYM 20190920		12		714,683
WTI CRUDE FUTURE OCT20 XNYM 20200922		4		207,164

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4i — Schedule of Assets (Acquired and Disposed of Within Year)

December 31, 2019


Identity of issue, borrower, lessor, or similar party including maturity date, rate of interest, collateral, par or maturity value	Shares / Par Value		Proceeds of Dispositions
WTI-BRENT ICE SW APR20 XNYM 20200430		1		6,900
WTI-BRENT ICE SW AUG20 XNYM 20200831		1		6,900
WTI-BRENT ICE SW DEC20 XNYM 20201231		1		6,900
WTI-BRENT ICE SW FEB20 XNYM 20200228		1		6,900
WTI-BRENT ICE SW JAN20 XNYM 20200131		1		6,900
WTI-BRENT ICE SW JUL20 XNYM 20200731		1		6,900
WTI-BRENT ICE SW JUN20 XNYM 20200630		1		6,900
WTI-BRENT ICE SW MAR20 XNYM 20200331		1		6,900
WTI-BRENT ICE SW MAY20 XNYM 20200529		1		6,900
WTI-BRENT ICE SW NOV20 XNYM 20201130		1		6,900
WTI-BRENT ICE SW OCT20 XNYM 20201030		1		6,900
WTI-BRENT ICE SW SEP20 XNYM 20200930		1		6,900
ZINC FUTURE (LME) EXP JAN 20		4		(25	)
Total Derivatives			$	2,392,827,898
Total Acquired and Disposed of Within the Year			$	12,262,046,109

THE GOLDMAN SACHS 401(k) PLAN

Schedule H, Line 4j — Schedule of Reportable Transactions

December 31, 2019

Identity of issue, borrower, lessor or

similar party

Purchase
price

Number of
transactions
(purchases)

Selling price

Number of
transactions
(sales)

Cost

Current value
of asset on
transaction
date

Net gain or
(loss)

Series of Transactions

DREYFUS INS RSRV PR MONEY 6546

261,629,915

461

–

261,629,915

–

DREYFUS INS RSRV PR MONEY 6546

–

221,422,737

419

221,422,737

–

VANGUARD FEDERAL MONEY MARKET

546,198,374

1,291

–

546,198,374

–

VANGUARD FEDERAL MONEY MARKET

–

542,817,673

1,308

542,817,673

–

Single Transactions

No reportable transactions

SIGNATURES

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Administrative Committee (or other persons who administer the employee benefit plan) has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


THE GOLDMAN SACHS 401(k) PLAN

Members of the Administrative Committee



By:	/s/	Lauren Perna
Name:		Lauren Perna

By:	/s/	Edina Jung
Name:		Edina Jung

By:	/s/	Michael Perloff
Name:		Michael Perloff

Date: June 23, 2020

INDEX TO EXHIBITS


Exhibit No.		Description

23		Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm

The Goldman Sachs Group, Inc. (GS) 11-KAnnual report of employee stock purchases